Overview of Padeshion Kyoutoekimae (パデシオン京都駅前)
Padeshion Kyoutoekimae (パデシオン京都駅前) is a 24-year-old condominium located at Kyoutoshishimogyouku Shiokouji Machi 524-1 (京都市下京区塩小路町524-1), Kyoto, Japan. Built in 2002, it comprises 110 units in a Reinforced Concrete (RC) structure. It was constructed by Mutsumi Bi Kensetsu (睦備建設).
Pricing & Floor Plans
Based on 37 past listings, prices have ranged from 3,230〜7,480万円 (approx. $215,333–$498,667 USD at ¥150/$).
Unit sizes range from 69.4–91.1 sqm (747–981 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 4LDK (4-bedroom w/ living-dining-kitchen), 2LDK (2-bedroom w/ living-dining-kitchen), 2SLDK (2-bedroom w/ living-dining-kitchen + service room), 3LDK (3-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥93.0万/sqm (approx. $6,202/sqm or $576/sqft).
Location & Neighborhood
The property is located at Kyoutoshishimogyouku Shiokouji Machi 524-1 (京都市下京区塩小路町524-1), Kyoto, Japan. It is a 3-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 24 years old, much of the building's value has already depreciated — the price largely reflects land value and location premium.
Scale advantage: With 110 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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