Studio Apartment with Terrace - Downtown (Montevideo)
$114,500
- 1Bedrooms
- 1Bathrooms
- 355 sq ftLiving area
- 429 sq ftLot area
About this home
Studio Apartment with Terrace for Sale – 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 Montevideo’s Barrio de las Artes. A strategic location with excellent connectivity and proximity to shops, services, transportation, and cultural attractions. The unit features a functional and well-designed layout, with a main living area that comfortably integrates the living room, dining area, and relaxation space. The kitchen is designed for practicality and is partially separate from the living area, allowing for efficient use of space without losing the connection to the main living area. The living room opens directly onto a private terrace—a unique feature that provides natural light, ventilation, and a pleasant outdoor space for adding plants, placing furniture, or creating a small relaxation area. It also features a full bathroom, located separately from the main living area and easily accessible from the entrance. Thanks to its compact layout, terrace, and central location, this property is particularly attractive for both owner-occupancy and rental investment. Horus Art 4 is developed under the Promoted Housing Act / Law No. 18,795, offering tax benefits that enhance the investment’s appeal. Images are for reference only. Amenities and Services Entrance hall, bike parking, ground-floor commercial space, provision for a multipurpose room (SUM), elevator, balconies or terraces depending on unit type, and garages subject to availability. Payment Terms Cash: 80% upon signing the purchase agreement and 20% upon delivery. Estimated delivery: January 2027. Occupancy and connection fees: 4%. Real estate commission: 3% + VAT. Vizcaya Real Estate Contact us for pricing, updated availability, parking spaces, and personalized advice on residential or investment properties. -
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.
$114,500
