2-Bedroom Apartment for Sale in Cordón, Montevideo
$173,856
- 3Bedrooms
- 1Bathrooms
- 598 sq ftLiving area
- 751 sq ftLot area
About this home
2-Bedroom Apartment in City Homes – Cordón Discover a brand-new apartment in City Homes, the new development by Pires Benlian located at Fernández Crespo and Uruguay, right in the heart of Cordón. A modern and functional project with excellent transportation links and access to all the neighborhood’s amenities. The unit features a comfortable and well-designed layout, comprising a spacious living-dining room with access to a terrace, a functional kitchen, two separate bedrooms, and a full bathroom. Its design maximizes natural light, ventilation, and daily flow, creating practical and comfortable spaces. The apartment stands out for its two terraces—one connected to the living area and the other to the bedroom area—providing private outdoor spaces and bringing in more natural light. Its high-quality finishes, provision for air conditioning, state-of-the-art windows and materials make it an excellent option for both residential living and investment in an area with high rental demand. Building Amenities City Homes offers amenities designed for today’s lifestyle: Gym. Laundry room. Roof-top barbecues with views. Optional parking space. Security booth. Retail space on the ground floor. Benefits and Sales Information Project covered by the Promoted Housing Law, with tax benefits in accordance with current regulations, including exemption from property transfer tax (ITP) and income tax (IRPF) for 10 years. A 4% fee for utility connections must be added to the published price. Payment Schedule Down payment: 25%. 6 quarterly payments of 10%: 60%. Upon delivery: 15%. Real estate commission: 3% + VAT. Contact Vizcaya Negocios Inmobiliarios for more information, updated availability, and personalized advice. -
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
- Laundry Room
Outdoor & Recreation
- Balcony
Nearby Essentials
Explore hospitals, schools, coworking spaces, and travel times in the neighborhood.
$173,856
