Overview of Raionzumanshon Miyako Shima Daini (ライオンズマンション都島第２)
Raionzumanshon Miyako Shima Daini (ライオンズマンション都島第２) is a 39-year-old condominium located at Oosakashi Miyako Shima Ku Miyako Shima Kita Toori 2 Choume 13-5 (大阪市都島区都島北通2丁目13-5), Osaka, Japan. Built in 1987, it comprises 33 units in a Reinforced Concrete (RC) structure. It was constructed by Nippon Kensetsu (日本建設).
Pricing & Floor Plans
Based on 20 past listings, prices have ranged from 950〜2,880万円 (approx. $63,333–$192,000 USD at ¥150/$).
Unit sizes range from 48.0–64.0 sqm (517–689 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 1LDK (1-bedroom w/ living-dining-kitchen), 3DK (3-bedroom w/ dining-kitchen), 2LDK (2-bedroom w/ living-dining-kitchen), 1R (Studio).
Estimated price per sqm: ¥53.4万/sqm (approx. $3,563/sqm or $331/sqft).
Location & Neighborhood
The property is located at Oosakashi Miyako Shima Ku Miyako Shima Kita Toori 2 Choume 13-5 (大阪市都島区都島北通2丁目13-5), Osaka, Japan. It is a 7-minute walk to the nearest station. This is considered good station access by Japanese standards.
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 39 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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