Rusutsu, Japan
“Turnkey ski property in Niseko region with ~6.5% net yield and Mt. Yotei views.”
Ski property in Japan rarely combines lifestyle, affordability, and real yield. Makkari Cottages is one of the few that does.”
Makkari Cottages offers a rare opportunity to acquire a modern, turnkey ski property in the heart of Hokkaido’s renowned powder region, combining personal use with proven rental income. Located in the quiet village of Makkari, between Niseko and Rusutsu, the project is positioned to benefit from strong and growing demand while offering a more authentic and less crowded alternative to the main resort areas.
The cottages are approximately 20 minutes from Niseko Annupuri and 10–12 minutes from Rusutsu, with direct access to extensive backcountry terrain around Mt. Yotei, including the well-known Makkimo route. This location appeals particularly to returning Niseko visitors and more experienced skiers who value space, reliability of snow, and access to multiple ski areas.
From an investment perspective, the project has already demonstrated solid performance. The show cottage achieved an approximate net yield of 6.5% over the last winter season, based on actual operating data rather than projections. Occupancy was strong during peak winter months, with additional bookings outside the core season, supported by increasing year-round tourism in Hokkaido. The properties operate under a full hotel license, allowing 365-day rental, which provides flexibility and distinguishes them from many other properties in the region.
The cottages themselves are designed with both usability and rental performance in mind. The architecture follows a clean Scandinavian style with large windows oriented towards Mt. Yotei, creating bright, efficient living spaces that are highly attractive to international guests. At the same time, the units are low maintenance and set up for straightforward management, making them suitable for owners who want a combination of personal use and passive income.
Pricing remains significantly below comparable properties in central Niseko, while benefiting from the same regional drivers: limited land availability, continued international demand, and infrastructure development. As a result, the project offers not only current income but also potential for capital appreciation as surrounding areas continue to develop.
Makkari Cottages is positioned as a small-scale, boutique development, which adds an element of scarcity. For buyers looking for a ski property that is both financially credible and personally compelling, it represents a balanced opportunity: a private base in one of the world’s leading powder destinations, combined with a proven income profile and long-term upside.
