Overview of Kingusukooto Nishio (キングスコート西尾)
Kingusukooto Nishio (キングスコート西尾) is a 36-year-old condominium located at Nishio Shi Miyamachi 237-2 (西尾市宮町237-2), Aichi, Japan. Built in 1990, it comprises 48 units in a Steel Reinforced Concrete (SRC) structure. It was constructed by Kumagaigumi (熊谷組).
Pricing & Floor Plans
Based on 8 past listings, prices have ranged from 890〜1,490万円 (approx. $59,333–$99,333 USD at ¥150/$).
Unit sizes range from 74.2–128.7 sqm (799–1385 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: ¥13.4万/sqm (approx. $893/sqm or $83/sqft).
Location & Neighborhood
The property is located at Nishio Shi Miyamachi 237-2 (西尾市宮町237-2), 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 36 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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