Studio Apartment for Sale with Terrace/Balcony in Cordón
$84,475
- 1Bedrooms
- 1Bathrooms
- 284 sq ftLiving area
About this home
City Homes is located at the most iconic corner of Cordón, at the intersection of Fernández Crespo and Uruguay—a spot where the city really comes alive. Living or investing here means being just steps away from universities, services, shops, and public transportation, in a neighborhood with high rental demand and strong potential for appreciation thanks to its vibrancy and university-oriented character. The project offers studio apartments and 1- and 2-bedroom units, all with terraces, designed for an urban, active, and healthy lifestyle. It is complemented by amenities highly sought after by today’s residents: a fully equipped gym, two barbecue areas with terraces, a laundry room with an app, security cameras, a parking lot with a guardhouse, and a large commercial space ideal for a convenience store. Additionally, it offers ANV tax benefits, which further enhance profitability. City Homes is a real opportunity to capitalize on one of Montevideo’s fastest-growing neighborhoods, combining a strategic location, modern amenities, and a consistently active rental market. UNIT 208 DESCRIPTION • Living area with large windows featuring hermetically sealed double-pane glass (DVH) and pre-wiring for air conditioning • Terrace – balcony • Built-in kitchen with base and wall cabinets • 1 full bathroom with high-quality imported fixtures and faucets Garages: US$20,000 Maintenance fees: 4% Excellent opportunity with delivery in July 2028 Contact us for more information The measurements, square footage, and details provided in this listing are approximate and for informational purposes only, as provided by the owners. The definitive information can be found in the property deed and/or corresponding floor plans. Commission costs or fees are as follows: Purchase: 3.66% (3% plus VAT) Rental: An amount equivalent to one month’s rent plus VAT.
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
- BBQ Area
- Balcony
Lifestyle
- Pet Friendly
Nearby Essentials
Explore hospitals, schools, coworking spaces, and travel times in the neighborhood.
$84,475
