Overview of Erugurande Toyoda (エルグランデ豊田)
Erugurande Toyoda (エルグランデ豊田) is a 40-year-old condominium located at Toyotashi Miyuki Honchou 3 Choume 79 (豊田市御幸本町3丁目79), Aichi, Japan. Built in 1986, it comprises 44 units in a Reinforced Concrete (RC) structure. It was constructed by Kaku Bun Kensetsu (角文建設).
Pricing & Floor Plans
Based on 18 past listings, prices have ranged from 1,120〜2,999万円 (approx. $74,667–$199,933 USD at ¥150/$).
Unit sizes range from 67.2–126.8 sqm (723–1365 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 3LDK (3-bedroom w/ living-dining-kitchen), 2LDK (2-bedroom w/ living-dining-kitchen), 4LDK (4-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥19.9万/sqm (approx. $1,327/sqm or $123/sqft).
Location & Neighborhood
The property is located at Toyotashi Miyuki Honchou 3 Choume 79 (豊田市御幸本町3丁目79), Aichi, Japan. It is a 3-minute walk to the nearest station. This is considered excellent station access in Japan, where most daily errands are done on foot or by train.
Investment Perspective
Building depreciation: In Japan, buildings depreciate significantly over time. Wood-frame houses depreciate to near-zero value at around 22 years, while RC structures depreciate more slowly but still lose value. At 40 years old, much of the building's value has already depreciated — the price largely reflects land value and location premium.
Key cultural note: Unlike the US where properties typically appreciate over time, Japanese buildings depreciate while the underlying land tends to hold or gain value. This means buyers should evaluate the land-to-building value ratio carefully.
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