Overview of Gurooriasu Nishio Sakuramachi (グローリアス西尾桜町)
Gurooriasu Nishio Sakuramachi (グローリアス西尾桜町) is a 34-year-old condominium located at Nishio Shi Sakuramachi 16-1 (西尾市桜町16-1), Aichi, Japan. Built in 1992, it comprises 57 units in a Steel Reinforced Concrete (SRC) structure. It was constructed by Okumura Kumi (奥村組).
Pricing & Floor Plans
Based on 21 past listings, prices have ranged from 1,000〜2,380万円 (approx. $66,667–$158,667 USD at ¥150/$).
Unit sizes range from 61.7–69.6 sqm (664–749 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 4LDK (4-bedroom w/ living-dining-kitchen), 4DK (4-bedroom w/ dining-kitchen), 3LDK (3-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥27.5万/sqm (approx. $1,831/sqm or $170/sqft).
Location & Neighborhood
The property is located at Nishio Shi Sakuramachi 16-1 (西尾市桜町16-1), Aichi, Japan. It is a 8-minute walk to the nearest station. This is considered good station access by Japanese standards.
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 34 years old, much of the building's value has already depreciated — the price largely reflects land value and location premium.
Scale advantage: With 57 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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