Overview of Gurooriasu Nagakute Toshokan Touri (グローリアス長久手図書館通り)
Gurooriasu Nagakute Toshokan Touri (グローリアス長久手図書館通り) is a 28-year-old condominium located at Nagakute Ichiyama Oke 202 (長久手市山桶202), Aichi, Japan. Built in 1998, it comprises 54 units in a Steel Reinforced Concrete (SRC) structure. It was constructed by Odakyuu Kensetsu (小田急建設).
Pricing & Floor Plans
Based on 18 past listings, prices have ranged from 1,980〜2,500万円 (approx. $132,000–$166,667 USD at ¥150/$).
Unit sizes range from 72.5–84.0 sqm (780–904 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 3LDK (3-bedroom w/ living-dining-kitchen), 4LDK (4-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥27.3万/sqm (approx. $1,818/sqm or $169/sqft).
Location & Neighborhood
The property is located at Nagakute Ichiyama Oke 202 (長久手市山桶202), Aichi, Japan. It is a 11-minute walk to the nearest station. In Japan, station proximity significantly affects property values and daily convenience.
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 28 years old, much of the building's value has already depreciated — the price largely reflects land value and location premium.
Scale advantage: With 54 units, this is a relatively large condominium. Larger buildings typically benefit from lower per-unit maintenance and repair reserve costs.
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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