Overview of Miyako Shima Gurandovira (都島グランドヴィラ)
Miyako Shima Gurandovira (都島グランドヴィラ) is a 41-year-old condominium located at Oosakashi Miyako Shima Ku Miyako Shima Minami Toori 1 Choume 5-13 (大阪市都島区都島南通1丁目5-13), Osaka, Japan. Built in 1985, it comprises 78 units in a Steel Reinforced Concrete (SRC) structure. It was constructed by Tada Kensetsu (多田建設).
Pricing & Floor Plans
Based on 17 past listings, prices have ranged from 1,180〜3,480万円 (approx. $78,667–$232,000 USD at ¥150/$).
Unit sizes range from 53.4–75.2 sqm (575–809 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 3DK (3-bedroom w/ dining-kitchen), 2LDK (2-bedroom w/ living-dining-kitchen), 3LDK (3-bedroom w/ living-dining-kitchen).
Location & Neighborhood
The property is located at Oosakashi Miyako Shima Ku Miyako Shima Minami Toori 1 Choume 5-13 (大阪市都島区都島南通1丁目5-13), 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 41 years old, much of the building's value has already depreciated — the price largely reflects land value and location premium.
Scale advantage: With 78 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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