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For sale Apartment

Winks Magallanes Building - Studio Apartment

Palermo, Montevideo

From U$S 127,900
Average U$S 127,900
Ref. IRIS-240-0
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Description

Studio apartment for sale in Palermo, Montevideo: 26.5 m² built, U$S 127,900 (U$S 4,826 per m²), 1 bathroom.

Winks Magallanes, located in Palermo on Magallanes Street between Canelones and Maldonado. The city’s SoHo is establishing itself as the trendy neighborhood. Just steps from the Rambla, right in the heart of the university district with excellent transportation links and amenities. The project features studio apartments and 1-, 2-, and 3-bedroom units for sale. Carefully designed to reflect a clear purpose in every aspect of the environment. With colorful, cheerful, and vibrant architecture that lets in the fresh air. The building spans 11 stories, with 14 apartments per floor. All units feature terraces.

About the neighborhood

The quiet town of Palermo borders the Rambla República Argentina boardwalk and coastal parks, which are popular for biking and walking at sunset. The pubs and steakhouse restaurants have outdoor seating, where patrons can watch street performances featuring Afro-Uruguayan candombe dance and percussion on weekends and especially during the February carnival.

Details

Bedrooms
Studio
Bathrooms
Bathrooms
1
Built area
Built area
26.5 m²
Delivery
noviembre 2026
Floors
11
Garages
21
Promoted housing
Yes

Estimated yield if you rent it out

5.7 %gross per year

The median rent for apartments studio in Palermo is $U 24,450 per month (13 listings). At $ 40.19 per dollar that is about U$S 7,301 a year.

This is a gross estimate: it does not deduct building fees, municipal tax, income tax or vacant months.

See comparable rentals →

According to the developer, this project doesn't work with bank loans: it's paid in cash or in installments during construction (see payment methods). The simulation below is for reference only: ask us and we'll help you find the plan that suits you best.

Mortgage calculator

Choose how much to finance and the term, and compare the payment at each bank.

What is the property for?
Property price
USD 127,900
100%
Loan amount
USD 102,320
80%
Down payment
USD 25,580
20%
BHU
Rate from 3.75% per year in UIEstimated monthly payment$U 21,001≈ UI 3,141 · USD 523Minimum household income$U 84,003payment can be up to 25% of incomeSimulate at BHU ↗
SantanderBest option
Rate from 3.75% per year in UIEstimated monthly payment$U 21,001≈ UI 3,141 · USD 523Minimum household income$U 60,002payment can be up to 35% of incomeSimulate at Santander ↗
Itaú
Rate from 3.75% per year in UIEstimated monthly payment$U 21,001≈ UI 3,141 · USD 523Minimum household income$U 60,002payment can be up to 35% of incomeSimulate at Itaú ↗

Estimate based on the starting rates each bank publishes (updated automatically every month). The final payment includes insurance and fees and depends on the applicant's profile. Central Bank (BCU) rates as of 11/1/2026: USD $ 40.19 · UI $ 6.6850.

Location

Magallanes 1164 y 1168 (entre Canelones y Maldonado)

Open in Google Maps · Magallanes 1164 y 1168 (entre Canelones y Maldonado) ↗

Amenities

Elevator Garage Security Laundry Garden SUM Grill Master
Learn more about this Project →