Spacious 4LDK Detached House in Otaru, Hokkaido
This property is a detached house for sale located in Otaru City, Hokkaido. The house was built in November 1969 and features a wooden structure with two stories above ground. The total floor area is 91.9 sqm (approximately 27.79 tsubo), laid out in a 4LDK configuration. The layout includes one Japanese-style room of 4.5 tatami mats, three Western-style rooms of 8, 6, and 6 tatami mats respectively, and a combined living-dining-kitchen area of 15 tatami mats. The land area is a generous 218.39 sqm (approximately 66.06 tsubo) with a building-to-land ratio of 60% and a floor area ratio of 200%. The property is situated in a Category I Low-Rise Exclusive Residential District.
According to the agent's special notes, the interior is in good condition. Some furniture and appliances are included. Furthermore, some equipment has been renovated as of July 2024. The estimated monthly rent for the property is 37,000 yen. Please note that a water heater installation is required.
The property is currently vacant, and handover is available immediately. It offers a projected annual rental income of 444,000 yen and an estimated annual yield of 49.33%. The land rights are ownership, and the property fronts roads on two sides (excluding corner lots).
The area of Otaru is famous for its well-preserved canal district and historic stone warehouses, a legacy of its past as a major herring fishing and trading port. A major landmark near this property is the scenic Otaru Canal, a popular tourist destination known for its romantic atmosphere, especially when the gas lamps are lit in the evening. The city is also renowned for its fresh seafood and glassworks.
