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Studio Apartment with Terrace - Cordón

República 1985, Montevideo, Montevideo, Uruguay

$113,900

+ $1 / month HOA
For Sale
  • 1Bedrooms
  • 1Bathrooms
  • 296 sq ftLiving area
  • 365 sq ftLot area

About this home

Miraf Haedo 3 – Studio Apartment with Terrace in Cordón Norte Modern studio apartment with a terrace, designed to make efficient use of every space and offer a practical layout for everyday living. The entrance opens directly into the main living area, whose layout comfortably separates the living, dining, and sleeping zones. Its flexible design offers various furnishing options. The built-in kitchen is practically integrated into the living area. It comes equipped with base and wall cabinets made of melamine-faced MDF, a granite countertop, and a stainless steel sink. The full bathroom is separate from the main living area and comes equipped with plumbing fixtures, faucets, accessories, and a vanity unit. The unit also features a private terrace, which enhances natural light and ventilation and includes a laundry area. Finishes include heavy-duty vinyl flooring, porcelain and ceramic tile wall coverings, natural anodized aluminum windows and doors, roller shades, and electrical and plumbing connections for air conditioning. Thanks to its functional layout, private terrace, and strategic location, it represents an excellent option for both owner-occupancy and investment or rental purposes. The Project Miraf Haedo 3 is a modern residential development located in Cordón Norte, on Víctor Haedo Street and near 18 de Julio, General Rivera, and Fernández Crespo avenues. The building is just a few minutes from the Tres Cruces Bus Terminal and Shopping Center, Líber Seregni Square, schools, healthcare facilities, supermarkets, banks, shops, and dining options. The project consists of 26 units: 20 one-bedroom apartments and 6 studio apartments. All units feature a terrace or patio for exclusive use. Its traditional construction using concrete and masonry is combined with contemporary architecture, high-quality materials, and finishes designed to ensure durability and low maintenance. 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 tag. Security cameras and fire detectors. Provisions for charging electric vehicles. Pet-friendly building. Projected low common area fees. Parking garage with 13 spaces. Optional garages starting at USD 19,000. Tax Benefits The project is covered by the Promoted Housing Law No. 18,795, with corresponding tax benefits for buyers and investors. Payment Methods Cash: 90% upon signing the purchase agreement. 10% upon delivery. Construction Payment Schedule: 40% upon signing the purchase agreement. 50% during construction. 10% upon delivery. Occupancy fees: 4%. Real estate commission: 3% + VAT. Vizcaya Real Estate For information on prices, availability, estimated delivery date, and current terms and conditions, please contact us. We provide personalized advice and guide you through the entire purchase 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

  1. Identification and funds

    Prepare a valid passport or identification, powers of attorney where applicable and source-of-funds documentation.

  2. Title due diligence

    The notary reviews ownership, cadastral parcel, registry history, liens, debts, plans and the property's legal status.

  3. Reservation or purchase agreement

    Define price, currency, deposit, conditions, timelines and allocation of costs.

  4. 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.

$113,900

Concierge