Overview of Gurandohaitsu Mizuho Kouen (グランドハイツ瑞穂公園)
Gurandohaitsu Mizuho Kouen (グランドハイツ瑞穂公園) is a 27-year-old condominium located at Nagoyashi Mizuho Ku Tanabe Toori 5 Choume 15 (名古屋市瑞穂区田辺通5丁目15), Aichi, Japan. Built in 1999, it comprises 25 units in a Steel Reinforced Concrete (SRC) structure. It was constructed by Toukyuukensetsu (東急建設).
Pricing & Floor Plans
Based on 7 past listings, prices have ranged from 2,150〜3,190万円 (approx. $143,333–$212,667 USD at ¥150/$).
Unit sizes range from 70.3–75.7 sqm (757–815 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 3LDK (3-bedroom w/ living-dining-kitchen).
Location & Neighborhood
The property is located at Nagoyashi Mizuho Ku Tanabe Toori 5 Choume 15 (名古屋市瑞穂区田辺通5丁目15), Aichi, Japan. It is a 2-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 27 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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