Overview of Kosumoshitei Oike Tominokouji (コスモシティ御池富小路)
Kosumoshitei Oike Tominokouji (コスモシティ御池富小路) is a 23-year-old condominium located at Kyoutoshi Chuukyouku Matsushita Machi 135-3 (京都市中京区松下町135-3), Kyoto, Japan. Built in 2003, it comprises 166 units in a Steel Reinforced Concrete (SRC) structure. It was constructed by Kashima Kensetsu , Ishiguro Kensetsu (鹿島建設、 石黒建設).
Pricing & Floor Plans
Based on 79 past listings, prices have ranged from 3,980〜18,990万円 (approx. $265,333–$1,266,000 USD at ¥150/$).
Unit sizes range from 61.1–100.2 sqm (658–1079 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 1LDK (1-bedroom w/ living-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: ¥129.8万/sqm (approx. $8,653/sqm or $804/sqft).
Location & Neighborhood
The property is located at Kyoutoshi Chuukyouku Matsushita Machi 135-3 (京都市中京区松下町135-3), Kyoto, Japan. It is a 2-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 23 years old, much of the building's value has already depreciated — the price largely reflects land value and location premium.
Scale advantage: With 166 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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