Townhome – Northern District, Riga, Latvia

550,000 €
  • Total area
    330 m²
  • Land area
    1,543 m²
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  • Total rooms: 10
  • 3-floor building
  • 3 floor
  • Garden

We offer for sale a beautiful house in a green area of ​​the city-Mezaparks. In Mezapark there is one of the most popular places of rest — the Riga Zoological Garden, the oldest in Northern Europe. Great Song Festival is located in this area. It is one of the most significant events of the cultural life — the Song Festival. Mežaparks itself has become a popular place for cycling and roller skating, here you can rent roller skates. On a large territory, playgrounds with attractions for children of different ages are made. Mezapark — a favorite recreation area for citizens, where an active holiday for the whole family and an acquaintance with one of the most beautiful and green areas of Riga! From the center of Riga to Mežaparks can be conveniently reached by bike along the cycle track or on the 11th tram.

The landplot is located in a good place:

- Asphalted and illuminated driveways — it is always convenient to come to your house without harming the family car.

- Your guests will find your address without difficulty, because the main road is not far away.

- The plot is dry and sunny, of the right shape — an ideal opportunity for landscaping and beautiful landscape design to your taste.

On theland there is an additional building that is ideal for garage equipment for several cars, a bath complex, a guest house and the embodiment of your other ideas.

The brick three-story building, built in 1937, is in excellent condition and allows you to renovate and decorate the rooms, based on your tastes and vision of the future coziness and comfort for your family.

From 10 rooms located on two floors, you can easily equip a few bedrooms, a study room, a games room, a spacious living room where all the friendly family can spend wonderful evenings.

On the ground floor you can create your own mini SPA complex — health and comfort for your family in frosty evenings.

All city communications are available for full living in your new dream house.

Low real estate tax. Low utility bills.

Extra opportunities

We can help you with your Latvian residency permit application when buying a property worth €250,000 or more.

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More properties

If this property wasn’t for you, take a look at other houses for sale in Latvia.

You can see more houses for sale in Northern District elsewhere on our website.

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      How to buy property with Tranio


      Send us an enquiry with an approximate description of the property or investment project you’re interested in.

      Meeting the partners

      After clarifying your enquiry, we will introduce you to our partners and/or local agents.

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      • Can I get a mortgage abroad?

        It depends on the country. For example, German banks willingly offer mortgages to foreigners at 1.5-2 % per annum with LTV up to 70%. Spain offers less favourable terms: the minimum rate for foreigners is 2.5% per annum. The situation is different in Greece: although the law does not prohibit banks from issuing loans, in practice, Greek banks don’t issue loans to local nor foreign property buyers. You can learn about the mortgage terms in your preferred country by contacting Tranio’s local agents.

      • How does the purchase procedure work?

        The purchase procedure depends on the country where you buy property. Generally, after choosing a property you need to sign a preliminary agreement with the seller and carry out a due diligence of the property by checking the relevant documents and the property's technical condition. After that, all parties sign the sales agreement and the notary registers the transaction. As a rule, the purchase registration costs amount to approximately 10% of the property price.

      • Can a residence permit be obtained by buying property?

        In some countries it is possible. Residence-for-property purchase programmes are known as Golden Visas programmes. Greece, Spain, Latvia, and Portugal offer the most popular Golden Visas in Europe. The Greek residence permit is the cheapest and can be obtained by buying a property worth at least €250,000, while organising all of the documents costs about €19,000. Certain countries offer citizenship to property buyers — for example, an investor can get their hands on a Cypriot passport by buying a property worth at least €2M.

      • Can I obtain income from a seaside apartment?

        Yes. You can use the purchased property yourself for holidays and lease it to tourists for the rest of the time. To avoid the hassle of finding tenants and cleaning the property, it’s a wise idea to hire a management company to do all the work – these services usually cost about 20% of the rent. Take into account the length of the tourist season in the location you choose: in certain regions it will be easy to rent apartments out all year round, while in others it might only be possible to do so during the high season.

      • How does Tranio make money if your service is free for the clients?

        We share the commission, which the buyer or the seller (depending on the country) pays to our partners — foreign real estate agencies. The price of this service is the same as if you contacted the agency directly — this is an important condition and applies to all of our partnership agreements.

      • Who guarantees the transaction security?

        The transaction security is guaranteed by the notary who draws up the sales agreement and checks the information on the previous and current owners of the property, any outstanding restrictions, mortgage, and third-party encumbrances. Tranio is not responsible for the parties involved in the transaction.

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