Overview of Gurandomezon Kuwana Ichiban Kan (グランドメゾン桑名壱番館)
Gurandomezon Kuwana Ichiban Kan (グランドメゾン桑名壱番館) is a 37-year-old condominium located at Kuwana Shichuu Ou Machi 5 Choume 38 (桑名市中央町5丁目38), Mie, Japan. Built in 1989, it comprises 156 units in a Steel Reinforced Concrete (SRC) structure. It was constructed by Sekisuihausu (積水ハウス).
Pricing & Floor Plans
Based on 41 past listings, prices have ranged from 1,070〜2,600万円 (approx. $71,333–$173,333 USD at ¥150/$).
Unit sizes range from 66.0–100.7 sqm (710–1084 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 3LDK (3-bedroom w/ living-dining-kitchen), 4DK (4-bedroom w/ dining-kitchen), 4LDK (4-bedroom w/ living-dining-kitchen), 2LDK (2-bedroom w/ living-dining-kitchen), 5LDK (5-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥21.9万/sqm (approx. $1,460/sqm or $136/sqft).
Location & Neighborhood
The property is located at Kuwana Shichuu Ou Machi 5 Choume 38 (桑名市中央町5丁目38), Mie, 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 37 years old, much of the building's value has already depreciated — the price largely reflects land value and location premium.
Scale advantage: With 156 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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