Overview of Arukadiina Miyako Shima (アルカディーナ都島)
Arukadiina Miyako Shima (アルカディーナ都島) is a 24-year-old condominium located at Oosakashi Miyako Shima Ku Miyako Shima Kita Toori 2 Choume 3-21 (大阪市都島区都島北通2丁目3-21), Osaka, Japan. Built in 2002, it comprises 46 units in a Steel Reinforced Concrete (SRC) structure. It was constructed by Chuudou Kumi , Morinaga Koumuten (中道組、 森長工務店).
Pricing & Floor Plans
Based on 19 past listings, prices have ranged from 1,980〜5,280万円 (approx. $132,000–$352,000 USD at ¥150/$).
Unit sizes range from 54.4–81.9 sqm (586–882 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 1LDK (1-bedroom w/ living-dining-kitchen), 2LDK (2-bedroom w/ living-dining-kitchen), 3LDK (3-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥66.2万/sqm (approx. $4,413/sqm or $410/sqft).
Location & Neighborhood
The property is located at Oosakashi Miyako Shima Ku Miyako Shima Kita Toori 2 Choume 3-21 (大阪市都島区都島北通2丁目3-21), Osaka, Japan. It is a 5-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.
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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