2-Bedroom Apartment for Sale in Palermo
$194,400
- 3Bedrooms
- 1Bathrooms
- 587 sq ftLiving area
About this home
A new development in Palermo, a rapidly growing neighborhood that combines proximity to downtown with a booming cultural and culinary scene. Its strategic location makes it an excellent choice for both residential living and investment, with high demand for rentals and excellent access to various parts of the city. WINKS GABOTO consists of 82 units, including 49 one-bedroom apartments, 17 two-bedroom apartments, and 16 studio apartments. The units feature functional layouts, ample natural light, and modern finishes. It is located at 1100 Gaboto Street, between Canelones and Maldonado, in an area with excellent access to services, transportation, and points of interest. Project Features: A multi-story building with units efficiently distributed across each floor. It features 47 parking spaces, providing a practical solution for residents and investors, as well as common areas designed for comfort and modern urban living. Amenities: Common area with barbecue Sun deck Bicycle rack Gym Rooftop Coworking space Security system with app, facial recognition, smart lock, and access code Prices: Parking spaces starting at USD 21,500 Real estate commission: 3% + VAT (paid upon signing the purchase agreement) Closing costs: 4% Estimated delivery: Immediate delivery Affordable Housing Apartments covered by the Affordable Housing Law offer significant benefits to buyers Exemption from property transfer tax (ITP) (2% of the cadastral value) VAT exemption Exemption from wealth tax for 10 years Exemption of up to 100% of income tax (IRPF) on rental income for 10 years, depending on the property’s location Investing in a project under construction allows you to access units with an excellent price-to-quality ratio and potential for appreciation as construction progresses. In a market with many alternatives, choosing a project with solid fundamentals and good positioning is key to maximizing your return. Take advantage of this opportunity! We look forward to hearing from you—we want to help you take the next step toward making your dream a reality. RAZA PROPIEDADES We Are the Future of Real Estate RBU71451 AP7932568
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
- Gym
- WiFi
Outdoor & Recreation
- BBQ Area
- Balcony
Security
- 24/7 Security
- Alarm System
Building Services
- Elevator
- Coworking
Lifestyle
- Pet Friendly
Nearby Essentials
Explore hospitals, schools, coworking spaces, and travel times in the neighborhood.
$194,400
