Overview of Kosumo Miyako Shima Ni Ban Kan (コスモ都島弐番館)
Kosumo Miyako Shima Ni Ban Kan (コスモ都島弐番館) is a 30-year-old condominium located at Oosakashi Miyako Shima Ku Miyako Shimanaka Toori 3 Choume 14-9 (大阪市都島区都島中通3丁目14-9), Osaka, Japan. Built in 1996, it comprises 33 units in a Reinforced Concrete (RC) structure. It was constructed by Dainippon Doboku (大日本土木).
Pricing & Floor Plans
Based on 37 past listings, prices have ranged from 1,850〜3,298万円 (approx. $123,333–$219,867 USD at ¥150/$).
Unit sizes range from 62.3–71.4 sqm (671–769 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 3LDK (3-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥47.1万/sqm (approx. $3,141/sqm or $292/sqft).
Location & Neighborhood
The property is located at Oosakashi Miyako Shima Ku Miyako Shimanaka Toori 3 Choume 14-9 (大阪市都島区都島中通3丁目14-9), Osaka, Japan. It is a 9-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 30 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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