Studio Apartment with Terrace - Downtown (Montevideo)
$113,400
- 1Bedrooms
- 1Bathrooms
- 324 sq ftLiving area
- 397 sq ftLot area
About this home
Studio apartment with a terrace in Horus Art 4 – Barrio de las Artes Studio apartment for sale in Horus Art 4, a modern residential development by Horus Group, located at the intersection of Canelones and Andes, in the heart of the Barrio de las Artes—a central neighborhood in Montevideo with excellent transportation links, proximity to services, shops, public transit, cultural attractions, and key city landmarks. The unit features an open-concept main living area, a separate kitchen, a full bathroom, and access to a terrace, offering a practical, functional, and well-designed layout. Its design comfortably combines the living, relaxation, and dining areas into a single space, ideal for those seeking practicality in a highly sought-after urban location. The terrace is a major selling point, providing a private outdoor space—perfect for adding plants, creating a small relaxation area, or enjoying more natural light and ventilation. Thanks to its location, design, and features, it stands out as an excellent option for both owner-occupancy and rental investment within a modern and versatile development. Horus Art 4 is being developed under the Promoted Housing Law / Law No. 18,795, offering tax benefits that enhance the investment and improve the buyer’s return on investment. Images are for reference only. Amenities and Services Entrance hall. Bike parking. Ground-floor retail space. Provision for a multipurpose room (SUM). Elevator. Units with balconies or terraces depending on type. Garages subject to availability. Payment Terms Cash: 80% down payment. 20% upon delivery. Estimated delivery: January 2027. Occupancy and connection fees: 4%. 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
Outdoor & Recreation
- Terrace
Building Services
- Elevator
Nearby Essentials
Explore hospitals, schools, coworking spaces, and travel times in the neighborhood.
$113,400
