Overview of Esupowaaru Hirasaka (エスポワール平坂)
Esupowaaru Hirasaka (エスポワール平坂) is a 33-year-old condominium located at Nishio Ichihei Sakamachi Nashi Yama 17-5 (西尾市平坂町梨子山17-5), Aichi, Japan. Built in 1993, it comprises 53 units in a Reinforced Concrete (RC) structure. It was constructed by Tsuzuki Kensetsu (都築建設).
Pricing & Floor Plans
Based on 43 past listings, prices have ranged from 450〜1,500万円 (approx. $30,000–$100,000 USD at ¥150/$).
Unit sizes range from 67.6–86.9 sqm (728–935 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: ¥18.3万/sqm (approx. $1,221/sqm or $113/sqft).
Location & Neighborhood
The property is located at Nishio Ichihei Sakamachi Nashi Yama 17-5 (西尾市平坂町梨子山17-5), Aichi, Japan. It is a 48-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 33 years old, much of the building's value has already depreciated — the price largely reflects land value and location premium.
Scale advantage: With 53 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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