Two-Bedroom Apartment for Sale with Terrace - Cordón, Montevideo
$219,000
- 3Bedrooms
- 1Bathrooms
- 506 sq ftLiving area
- 614 sq ftLot area
About this home
2-Bedroom Apartment for Sale with Terrace in Downtown Montevideo – Torre Alba | Scheduled for Completion in December 2027 2-bedroom apartment with a terrace in Torre Alba, a development located on Av. 18 de Julio, right in the heart of Montevideo, with excellent connectivity and proximity to services, schools, healthcare facilities, shops, and public transportation. The unit features a functional layout, with a clear separation between the living area and the private quarters. The living-dining room flows seamlessly into the kitchen, creating a spacious, comfortable, and practical environment for everyday use. The kitchen features an open layout that maximizes space and allows for smooth movement throughout the home. The private area includes two separate bedrooms, allowing the second bedroom to be used either as a bedroom or as an office, study, or workspace. One of the bedrooms opens onto a private terrace, providing a pleasant outdoor space and allowing plenty of natural light to enter. The apartment also features a full bathroom and storage spaces, making it a comfortable and functional option for both owner-occupancy and investment. The project falls under the “Vivienda Promovida” housing program, with tax benefits subject to current regulations and the conditions applicable to each buyer and transaction. Amenities - Barbecue area. - Laundry room. - Coworking space. - Bicycle parking. - Accessibility. Estimated Delivery December 2027. Payment Terms - 10% upon signing the purchase agreement. - 20% upon commitment. - 50% during the construction period. - 20% upon delivery. Bank financing accepted. Expenses 3% for occupancy and utility connections. Real estate commission: 3% plus VAT. Torre Alba’s location on Av. 18 de Julio offers convenient access to various parts of Montevideo, with proximity to Plaza Seregni, the Tres Cruces Terminal, the University of the Republic, healthcare centers, and a wide variety of services. An excellent option for those seeking a 2-bedroom apartment with a terrace, amenities, and a strategic location in downtown Montevideo. Vizcaya Real Estate Contact us for more information, availability, and terms and conditions. Images are for reference 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
Nearby Essentials
Explore hospitals, schools, coworking spaces, and travel times in the neighborhood.
$219,000
