Hakuba Kitashiro Ski Village Lot
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Entry Hakuba Village, Nagano

Hakuba Kitashiro Ski Village Lot

536㎡ resort-zone land. Gut-renovate and capture Hakuba's #1 STR yield.

1969 ski village residence with vaulted ceiling on a rare 536㎡ lot in Hakuba Kitashiro — same zone as renovated chalets now listing at ¥80–120M. South-facing orientation and all-electric systems. Walking distance to Iimori Station on the JR Oito Line. Pre-1981 construction requires structural inspection and full renovation; priced to reflect this. Hakuba recorded the highest STR metrics of any Japan ski region: $456 ADR and $47,873 median annual revenue (AirROI 2025–2026, 539 active listings). Buy-renovate-operate play for buyers with renovation experience or a trusted local contractor.

¥62.0M ≈ $414,716 @¥149.5/USD · 2026-05
⚠

Minpaku (short-term rental) status not confirmed. Verify with the municipal office and your agent before completing purchase. STR operation may be restricted to 180 days/yr or prohibited.

Land536.62㎡
Building57.78㎡ · 2F
Layout3BR · Vaulted Ceiling
Year Built1969
Nearest Station2.5km · 7min drive
Tokyo Access190min via Nagano (Shinkansen)
Estimated ROI — based on area market averages
8.0–9.5%
Gross yield
(conservative–optimistic)
$47,873
Est. annual revenue
(130 days avg)
10.5–12.5
Years to full payback
(low–high investment)
Annual revenue ÷ total investment = 8% recovered per year
8%
Total investment: ¥75.5M – ¥89.2M  ·  purchase + renovation + setup fees

Based on area averages from AirROI 2025–2026 (539 active listings). Not financial advice. Actual revenue depends on occupancy, management costs, and STR permit status.

Grade C
Renovation Required

1969 construction (pre-1981 seismic standard). All-electric system (no gas infrastructure). South-facing orientation with vaulted ceiling. Structural inspection required before purchase. Major renovation needed: full electrical rewiring, plumbing, kitchen, bathrooms, insulation, and seismic reinforcement assessment. Priced to reflect full renovation scope.

Renovation estimate: ¥8.0M – ¥20.0M

Structural inspection not yet conducted. An independent inspection is strongly recommended before purchase.
Floor Plan 6 rooms · 57.78㎡ · 2F
2F
Bedroom 2 8㎡
Bedroom 3 7㎡
1F
LDK (vaulted) 26㎡
Bedroom 1 8㎡
Bathroom + WC 6㎡
Entrance 3㎡
STR Market — Hakuba Ski Resort
$456
ADR · avg daily rate
35.4%
Occupancy · 130 days avg
$47,873
Est. annual revenue
Seasonal Demand
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec

Source: AirROI 2025–2026 · 539 active listings analysed

⚠ Minpaku Status: Requires Verification

Requires verification before purchase

Nearby — Distances & Drive Times
  • ⊙
    Iimori Station (JR Oito Line)
    2.5km · 7min
  • ⛷
    Hakuba Goryu Ski Resort
    4km · 8min
  • ⛷
    Happo-one Ski Resort
    7.5km · 12min
  • ◻
    Convenience Store (Lawson Hakuba)
    2.5km · 6min
  • ♨
    Hakuba Happo Onsen
    8km · 14min
Investor Due Diligence Checklist
  • ⚠ Minpaku (STR) permit — Requires pre-purchase verification with municipal office
  • ⚠ Structural inspection — Not yet conducted. Recommend independent inspection (¥50k–¥100k) before purchase.
  • i Land rights: Confirm ownership vs. leasehold (借地権). Leasehold affects resale value and mortgage eligibility.
  • i Utilities: Verify water supply (public / well), sewage (公共下水 vs. 浄化槽), gas (city gas / propane — propane is 2–3× higher cost).
  • ⚠ Earthquake resistance: Built 1969 — pre-1981 seismic standard. Structural inspection critical.
  • i Acquisition costs: Budget +5–8% on top of purchase price (registration, agent fee, tax).
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