Overview of Sanroiyaru Miyako Shimamoto Toori (サンロイヤル都島本通)
Sanroiyaru Miyako Shimamoto Toori (サンロイヤル都島本通) is a 42-year-old condominium located at Oosakashi Miyako Shima Ku Miyako Shima Kita Toori 1 Choume 14-2 (大阪市都島区都島北通1丁目14-2), Osaka, Japan. Built in 1984, it comprises 50 units in a Reinforced Concrete (RC) structure. It was constructed by Asanuma Kumi (淺沼組).
Pricing & Floor Plans
Based on 36 past listings, prices have ranged from 780〜2,898万円 (approx. $52,000–$193,200 USD at ¥150/$).
Unit sizes range from 28.2–53.0 sqm (304–570 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 1SDK (1-bedroom w/ dining-kitchen + service room), 2K (2-bedroom w/ kitchen), 1LDK (1-bedroom w/ living-dining-kitchen), 1K (1-bedroom w/ kitchen), 2DK (2-bedroom w/ dining-kitchen).
Estimated price per sqm: ¥43.8万/sqm (approx. $2,919/sqm or $271/sqft).
Location & Neighborhood
The property is located at Oosakashi Miyako Shima Ku Miyako Shima Kita Toori 1 Choume 14-2 (大阪市都島区都島北通1丁目14-2), Osaka, Japan. It is a 2-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 42 years old, much of the building's value has already depreciated — the price largely reflects land value and location premium.
Scale advantage: With 50 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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