Studio Apartment for Sale in Cordón, Available Immediately
$122,000
- 1Bedrooms
- 1Bathrooms
- 321 sq ftLiving area
- 370 sq ftLot area
About this home
Studio Apartment for Sale in Ventura Cultural – University District | Available Now Studio apartment in Ventura Cultural, a modern development located in the heart of Montevideo’s university district, with excellent connectivity and proximity to educational institutions, services, shops, and public transportation. The unit is on the first floor and features a functional layout, with an open-concept main living area, a kitchen area, and a full bathroom. According to the project floor plan, this unit is a studio apartment without a terrace, offering a practical and well-designed layout. Ideal for both living and investment, this unit is part of a project designed for today’s lifestyle, featuring common areas that complement the residential offering. Amenities and Services - Coworking space. - Organic garden. - Gym. - Play area. - Barbecue equipped with four burners. - Study and reading room. - Concierge service. - Access control. - Perimeter fence and electric fence. - Optional garages and parking spaces. - Low common area fees. Tax Benefits Project developed under Law 18,795 on Subsidized Housing, with the following benefits as reported by the project: - Exemption from the Property Transfer Tax (ITP). - 40% exemption from IRAE/IRPF on rental income for 10 years. - Exemption from the Wealth Tax for 10 years. Expenses - Fees for plans, building codes, and utility connections: 4%. - Real estate commission: 3% + VAT, payable upon signing the purchase agreement. Delivery Immediate delivery. An excellent option for those seeking a functional property in a strategic location in Montevideo, with amenities and benefits associated with subsidized housing. Vizcaya Real Estate Contact us for pricing, availability, financing options, garage information, and to schedule a visit. -
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
Outdoor & Recreation
- BBQ Area
- Game Room
Lifestyle
- Pet Friendly
Nearby Essentials
Explore hospitals, schools, coworking spaces, and travel times in the neighborhood.
$122,000
