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Terraced house – Latgale Suburb, Riga, Latvia

1,700,000 €
  • Total area
    1,012 m²
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Features
  • Total rooms: 17
  • 7-floor building
  • Built in 1912

A building for sale in the center of Riga, Matisa Street 63

An ideal place for renting a house, near the Ziedondarzs and Grizinkalns parks, several shops, schools, a kindergarten, good public transport infrastructure. Located in the center of Riga, Matisa Street has a relatively smaller traffic flow. The building was built in 1912, the reconstruction was completed in 2021.

Within 2 months the building will be divided into apartment properties.

The building has seven floors, 17 apartments and 1 commercial space. The land is owned along with the building. The elevator is half installed. The elevator installation will be completed within 2 months.

On the ground floor there are commercial premises, from the second to the sixth floor there are 3 apartments on the ground floor and on the 7th floor 2 apartments.

As part of the reconstruction, the mezzanine floors were replaced, the floors and external walls were insulated, modern fire safety solutions were installed in the building during the reconstruction, including double fireproof plasterboard sheets, fireproof wooden entrance doors to the apartments, and a new ventilation system. The House Has A Gas Boiler, Each Apartment Has Individual Meters For Heating, Water And Electricity.

Parquet floors, wooden windows, wooden doors, fully equipped bathroom and kitchen with appliances.

The facade of the building has been renovated with lighting, which will optimize the cost of property tax.

The staircase has been renovated to maintain its historic look. The building has basements where storage space can be placed.

x1 studio

x1 with 3 rooms

x15 with 2 rooms

The area of ​​apartments is from 25.0 m² to 49.2 m²

The area of ​​the commercial premises is 75.9 m²

Cadastral number 1100,034 0097

Land area — 260 m²

Total building area — 1012 m²

Usable area — 726 m²

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 townhomes for sale in Latvia.

You can see more townhomes for sale in Latgale Suburb elsewhere on our website.

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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.

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        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 Turkey passport by buying a property worth at least $400,000.

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        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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