Overview of Mezon Dai 3 Shin'oosaka (メゾン第3新大阪)
Mezon Dai 3 Shin'oosaka (メゾン第3新大阪) is a 45-year-old condominium located at Oosakashi Yodogawa Ku Nishinaka Shima 7 Choume 2-13 (大阪市淀川区西中島7丁目2-13), Osaka, Japan. Built in 1981, it comprises 110 units in a Steel Reinforced Concrete (SRC) structure. It was constructed by Magara Kensetsu (真柄建設).
Pricing & Floor Plans
Based on 101 past listings, prices have ranged from 320〜2,380万円 (approx. $21,333–$158,667 USD at ¥150/$).
Unit sizes range from 14.2–61.5 sqm (153–662 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 1K (1-bedroom w/ kitchen), 1R (Studio), 3LDK (3-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥29.3万/sqm (approx. $1,953/sqm or $181/sqft).
Location & Neighborhood
The property is located at Oosakashi Yodogawa Ku Nishinaka Shima 7 Choume 2-13 (大阪市淀川区西中島7丁目2-13), 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 45 years old, much of the building's value has already depreciated — the price largely reflects land value and location premium.
Scale advantage: With 110 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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