Overview of Esupoa Kariya (エスポア刈谷)
Esupoa Kariya (エスポア刈谷) is a 40-year-old condominium located at Kariyashi Taishou Machi 3 Choume 103 (刈谷市大正町3丁目103), Aichi, Japan. Built in 1986, it comprises 54 units in a Steel Reinforced Concrete (SRC) structure. It was constructed by Okumura Kumi (奥村組).
Pricing & Floor Plans
Based on 33 past listings, prices have ranged from 880〜2,199万円 (approx. $58,667–$146,600 USD at ¥150/$).
Unit sizes range from 64.7–82.7 sqm (696–890 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 4DK (4-bedroom w/ dining-kitchen), 3LDK (3-bedroom w/ living-dining-kitchen), 4LDK (4-bedroom w/ living-dining-kitchen), 2LDK (2-bedroom w/ living-dining-kitchen), 3SLDK (3-bedroom w/ living-dining-kitchen + service room).
Estimated price per sqm: ¥27.0万/sqm (approx. $1,802/sqm or $167/sqft).
Location & Neighborhood
The property is located at Kariyashi Taishou Machi 3 Choume 103 (刈谷市大正町3丁目103), Aichi, Japan. It is a 1-minute walk to the nearest station. This is considered excellent station access in Japan, where most daily errands are done on foot or by train.
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 40 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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