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New home – Central District, Riga, Latvia

285,000 €
3,518 € /m²
  • Total area
    81 m²
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Features
  • 6-floor building
  • 2 floor
  • Balcony or terrace

In Riga’s best neighbourhood, the quiet centre, bounded by Antonijas, Emiļa Melngaiļa and Strēlnieku streets, Magdelēnas kvartāls (Magdelēna’s Quarter) is emerging – a completely new kind of place for living and working, where everything is being done to make its inhabitants feel good.

116 apartments for two to four rooms, ranging from 46 to 130 m², are available in the first residential buildings. Apartment prices from 150,000 — 600,000 EUR.

A residential zone with spacious private gardens is harmoniously linked to well-developed public areas. Leisurely strolls and safe play for children will be ensured by keeping the space car-free.

Project is located in the Quiet Centre, bounded by Antonijas, Emīla Melngaiļa, and Strēlnieku streets, on Antonijas Street 17A, Riga.

The area is listed as a UNESCO World Heritage Site. Great restaurants, green parks, charming cafés, high-rated schools and colleges, shops and shopping centres, and favourite cultural hot-spots – everything is conveniently and quickly accessible.

By repeatedly placing one stone on top of the other, houses, cities and nations arise. At Magdelēnas kvartāls, where even the small things are important, the same principle applies – the details make the whole – which in this case is the wellbeing of its residents.

A verdant inner courtyard almost 2,000 m² in size, with a playground and areas for sports and other athletic activities. A gated entrance ensures the courtyard’s privacy.

Practical layouts and correct proportions of the rooms increase functionality by taking up less space.

6-9 m² -large balconies and terraces up to 23 m² in size are found on the sunny southern side of the building. They are ideal for relaxing outdoors, but are also designed to provide shade indoors during hot summer days.

A first in the market – work downstairs, live upstairs. Cuts commuting time down to zero, and maximizes the time you spend with your loved ones!

All apartments feature large windows, and most have windows located on both sides of the building, allowing longer enjoyment of daylight.

Ceilings in height of 2.95 m allow the spaces to … your thoughts to soar.

Well-known names in design like HARO oak parquet flooring, ceramic tiles manufactured in Spain, CORDIVARI radiators, and bathroom equipment by GROHE, KALDEWEI and LAUFEN.

The residents will have access to a storage space on the building’s ground floor. Modest pantries have been built into the larger apartments.

Clever staircase distribution allows for no more than two apartments per floor, in most cases.

An enclosed car park lies under the green zone between both buildings. It has 73 parking spots and conveniently leads to the stairways.

Smart investment in a developing quarter whose value increases with each new building.

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 new homes for sale in Latvia.

You can see more new homes for sale in Central District elsewhere on our website.

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      How to buy property with Tranio

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      FAQs

      • 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.

      • 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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