Cordón, Magallanes 1500

U$S 135,000

$ ~5,420,000 / U$S 2,935/m2

US$ 2,935/m2 · 8% cheaper than the median of Cordón

On the market since Sep 26, 2026 · Previously listed at U$S 135,000
Bedrooms

1

Bathrooms

1

Area

46

Construction Year

2027

Category

Apartment

Views

17

Sale of off-plan 1-bedroom apartment in Cordón

Apartment for sale in Cordón, Montevideo, Uruguay: U$S 135,000, 46 m², 1 bedroom, 1 bathroom. Published on October 18, 2026 by RE/MAX.

Price per m² in Cordón: sale and rent

New apartment ready in March 2027, at Magallanes and Mercedes, in the heart of Cordón. 1-bedroom unit with a terrace, ideal for living or investing, close to universities, transport, social clubs, and workplaces.

Features:

  • Unit 202, second floor, front-facing, east orientation
  • Bedroom with closet and blinds
  • Bathroom with water heater and closet
  • Kitchen with upper and lower cabinets
  • Integrated living-dining area
  • Private terrace
  • Vinyl flooring
  • Electronic lock

Building amenities:

  • Barbecue room with parrillero on the 11th floor, the top floor

Promoted Housing benefits (Law 18.795):

The project is developed under the Promoted Housing Law, which provides tax benefits:

  • Exemption from ITP (Property Transfer Tax)
  • Exemption from IRAE/IRPF on rental income for 10 years
  • Exemption from IP (Net Worth Tax) for 10 years

Price and expenses:

  • Price: U$S 135.000
  • Common expenses: $ 4.500

Payment methods:

  • Cash or financing through a bank loan

Handover:

  • March 2027

Shared with all colleagues. Commission: 3% + IVA. Each office is independently owned, managed, and developed. This listing describes the essential features of the property. Please check with the person responsible for the transaction for possible updates to measurements, architectural and functional descriptions, services, taxes, prices, and other information. Values are approximate.

Property details

ID

Category

Type

Area

Rooms

1664559

Apartment

Sale

46

2

Bathrooms

Bedrooms

Construction Year

Code

Updated

1

1

2027

PA35BA

2026-10-18

Payment calculator

Monthly payment
US$ 785/mo
Loan
US$ 101.250
Interest
US$ 87.148
Total of payments
US$ 188.398
Down payment
US$ 33.750

Approximate: fixed rate, no insurance or fees. Check the terms with your bank.

Location

135к U$S

Location

Montevideo

Address

Cordón, Magallanes 1500

What's nearby

Public transport
10 m · 1 min walk · 11 within 1 km
Supermarket
Comag
160 m · 2 min walk · 28 within 1 km
School
Colegio Nacional José Pedro Varela
120 m · 1 min walk · 31 within 1 km
Pharmacy
Homeopatía Alemana
180 m · 2 min walk · 30 within 1 km
Park
Plaza de los Treinta Y Tres
130 m · 2 min walk · 10 within 1 km
Show 6 more
University
Facultad de Humanidades y Ciencias de la Educación
70 m · 1 min walk · 15 within 1 km
Hospital or clinic
Consultorios Constituyente
530 m · 7 min walk · 16 within 1 km
Beach
Playa Ramírez
1.7 km · 21 min walk
Bank or ATM
República
250 m · 3 min walk · 29 within 1 km
Restaurant or café
Nippon
90 m · 1 min walk · 55 within 1 km
Gym
Aerobic
500 m · 6 min walk · 11 within 1 km

Straight-line distance, walking time at 4.8 km/h. Map data © OpenStreetMap contributors

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