Studio Apartment for Sale with Terrace and Patio in Cordón
$119,000
- 1Bedrooms
- 1Bathrooms
- 433 sq ftLiving area
- 887 sq ftLot area
About this home
Miraf Haedo 2 – Studio Apartment with a Spacious Patio and Terrace in Cordón Norte Estimated completion: May 2028 A modern and functional studio apartment with a longitudinal layout that makes efficient use of the interior space and features two outdoor areas for exclusive use. The main living area comfortably accommodates the sleeping, living, and dining zones, maintaining practical circulation and a seamless connection between the different spaces. The kitchen is integrated and features a linear layout, creating a seamless connection with the dining area. It comes equipped with under-counter and wall-mounted cabinets in melamine-faced MDF, a granite countertop, a stainless steel sink, and a separate connection for a washer and dryer. The unit features a full, separate bathroom equipped with sanitary fixtures, faucets, accessories, and a vanity under the sink. One of its main distinguishing features is the spacious patio for exclusive use, which offers multiple possibilities for creating relaxation areas, an outdoor dining area, or green spaces. At the opposite end, the living area opens onto a second private terrace. These two extensions allow for ample natural light, ventilation, and connection to the outdoors, giving the space a more open and spacious feel. Finishes include heavy-duty vinyl flooring, porcelain and ceramic tile wall coverings, anodized aluminum windows and doors, roller shades, and provisions for air conditioning. Thanks to its functional layout, spacious patio, additional terrace, and strategic location, it represents an excellent option for both owner-occupancy and investment. The Project Miraf Haedo 2 is a modern residential project located in Cordón Norte, a central area of Montevideo with excellent connectivity, a wide range of services, and sustained demand for rentals. The building is located at Víctor Haedo 2184, between Joaquín Requena and Juan Paullier, near 18 de Julio Avenue, Líber Seregni Square, the Terminal, and the Tres Cruces Shopping Center. The surrounding area features schools, shops, services, and dining options. The project consists of 41 units, including studio apartments and one-bedroom apartments. Its traditional construction—using concrete and masonry—is combined with contemporary architecture and materials selected for their quality and durability. Amenities and Services Enclosed barbecue area equipped with a grill. Coworking space. Communal laundry room. Bicycle rack. State-of-the-art elevator. Access via magnetic keycard. Security cameras. Fire detectors. Provisions for charging electric vehicles. Pet-friendly building. Single and double parking spaces available as options. Projected low common area fees. Tax Benefits The project is covered by the Promoted Housing Act No. 18,795, which grants tax benefits to buyers and investors: VAT exemption on the purchase price. Exemption from the Property Transfer Tax (ITP) on the first purchase. Income tax exemption on rental income during the period established by regulation. Wealth tax exemption for ten years from the completion of construction. Payment Methods Cash: 90% upon signing the purchase agreement. 10% upon delivery. Construction Period: 40% upon signing the purchase agreement. 50% during the construction period. 10% upon delivery. Optional parking spaces: starting at USD 19,000. Occupancy and utility connection fees: 4%. Real estate commission: 3% + VAT. For pricing, availability, and current terms, contact Vizcaya Negocios Inmobiliarios. We provide personalized advice and support throughout the entire purchasing process. Images are for illustrative purposes only. -
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
Outdoor & Recreation
- Terrace
Building Services
- Elevator
Lifestyle
- Pet Friendly
Nearby Essentials
Explore hospitals, schools, coworking spaces, and travel times in the neighborhood.
$119,000
