Overview of Ebaaguriin Shin Midou (エバーグリーン新御堂)
Ebaaguriin Shin Midou (エバーグリーン新御堂) is a 43-year-old condominium located at Oosakashi Yodogawa Ku Miyahara 2 Choume 1-37 (大阪市淀川区宮原2丁目1-37), Osaka, Japan. Built in 1983, it comprises 69 units in a Steel Reinforced Concrete (SRC) structure. It was constructed by Kumagaigumi (熊谷組).
Pricing & Floor Plans
Based on 30 past listings, prices have ranged from 930〜2,998万円 (approx. $62,000–$199,867 USD at ¥150/$).
Unit sizes range from 52.6–66.1 sqm (566–711 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 1SLDK (1-bedroom w/ living-dining-kitchen + service room), 1LDK (1-bedroom w/ living-dining-kitchen), 2DK (2-bedroom w/ dining-kitchen), 3K (3-bedroom w/ kitchen), 3LDK (3-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥42.0万/sqm (approx. $2,799/sqm or $260/sqft).
Location & Neighborhood
The property is located at Oosakashi Yodogawa Ku Miyahara 2 Choume 1-37 (大阪市淀川区宮原2丁目1-37), Osaka, Japan. It is a 3-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 43 years old, much of the building's value has already depreciated — the price largely reflects land value and location premium.
Scale advantage: With 69 units, this is a relatively large condominium. Larger buildings typically benefit from lower per-unit maintenance and repair reserve costs.
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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