Overview of Maishitei Oosaka 3 Ban Kan (マイシティおおさか３番館)
Maishitei Oosaka 3 Ban Kan (マイシティおおさか３番館) is a 38-year-old condominium located at Oosakashi Nishiyodogawa Ku Tsukuda 5 Choume 12-3 (大阪市西淀川区佃5丁目12-3), Osaka, Japan. Built in 1988, it comprises 101 units in a Steel Reinforced Concrete (SRC) structure. It was constructed by Hasegawakoumuten (長谷川工務店).
Pricing & Floor Plans
Based on 95 past listings, prices have ranged from 770〜2,700万円 (approx. $51,333–$180,000 USD at ¥150/$).
Unit sizes range from 54.1–74.3 sqm (582–800 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), 2SLDK (2-bedroom w/ living-dining-kitchen + service room), 4LDK (4-bedroom w/ living-dining-kitchen), 4DK (4-bedroom w/ dining-kitchen), 3SDK (3-bedroom w/ dining-kitchen + service room).
Estimated price per sqm: ¥28.0万/sqm (approx. $1,865/sqm or $173/sqft).
Location & Neighborhood
The property is located at Oosakashi Nishiyodogawa Ku Tsukuda 5 Choume 12-3 (大阪市西淀川区佃5丁目12-3), Osaka, Japan. It is a 15-minute walk to the nearest station. In Japan, station proximity significantly affects property values and daily convenience.
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 38 years old, much of the building's value has already depreciated — the price largely reflects land value and location premium.
Scale advantage: With 101 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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