1-Bedroom Apartment for Sale in Downtown (Montevideo)
$126,000
- 2Bedrooms
- 1Bathrooms
- 412 sq ftLiving area
About this home
1-Bedroom Apartment for Sale in Downtown Montevideo The building is located at the corner of Canelones and Andes, right in the heart of downtown Montevideo, an area known as the “Heart of the Arts District.” Surrounded by galleries, cultural venues, restaurants, and iconic cafés, this location blends history, art, and urban life, making it a prime spot for both living and investing. We present a nine-story building that combines design, functionality, and comfort. With 76 apartments thoughtfully laid out as studio, 1-bedroom, and 2-bedroom units, each space offers ample room and natural light, designed with your comfort and lifestyle in mind. The project includes 33 private parking spaces on the ground floor and in the basement, ensuring convenience and security for you and your family. Built using traditional construction methods with top-quality finishes, every detail reflects solidity and excellence. A space designed for those seeking design, comfort, and a sound investment in Montevideo’s real estate market. Amenities: Gym Laundry room Communal barbecue area Prices: 1-BEDROOM: USD 126,000 Parking Spaces: starting at USD 21,000 Estimated completion: July 2027 Financing: Inquire about financing options. Prices do not include: Maintenance fees 4% + reserve fund 0.25% Real estate agent fees 3% plus VAT (payable upon signing the purchase agreement). The project is carried out under Law 18,795, the Promoted Housing Act (Social Housing), and therefore offers: Exemption from the Property Transfer Tax (ITP) Exemption from IRAE/IRPF on rental income for 10 years Property Tax (IP) exemption for 10 years The time is now. Count on us to turn your dream into reality. RAZA PROPIEDADES Your best partner in real estate development. RBU69068 AP7884741
Buying in Uruguay as a foreigner
Yes, foreigners can buy property in Uruguay.
A purchase is normally formalized through a public deed, notarial involvement and registration with the Property Registry.
- Near coasts and borders
- Uruguay does not apply a nationwide restricted zone for foreign buyers equivalent to Mexico's coastal zone or border strips in other countries. This field is retained only to preserve the common schema.
- Residency
- Tax residency available for property investment of ~$380,000 USD (plus 60 days presence). Path to citizenship is clear.
- Taxes and closing costs
- They depend on the state, the municipality and the property itself, so there is no single national figure. Ask the agent or our Concierge for an estimate on this home.
- Financing
- Financing for foreign buyers depends on the lender, residency, income, financial history, currency, down payment and property type.
How buying works
Identification and funds
Prepare a valid passport or identification, powers of attorney where applicable and source-of-funds documentation.
Title due diligence
The notary reviews ownership, cadastral parcel, registry history, liens, debts, plans and the property's legal status.
Reservation or purchase agreement
Define price, currency, deposit, conditions, timelines and allocation of costs.
Deed and registration
Execute the public deed, pay applicable taxes and fees and register the document with the corresponding Property Registry.
This information is general and educational. Taxes, costs, documentation requirements and transaction-specific conditions should be verified with a notary, attorney, accountant, bank or competent authority. Research last reviewed July 2026.
Amenities
Indoor & Comfort
- Laundry Room
- WiFi
Outdoor & Recreation
- BBQ Area
- Balcony
Building Services
- Elevator
Lifestyle
- Pet Friendly
Nearby Essentials
Explore hospitals, schools, coworking spaces, and travel times in the neighborhood.
$126,000
