Enriching the Riga housing landscape, nearly 70 apartments will soon grace the historic six-story building, currently home to Rixwell Ģertrude four-star hotel. These furnished residences, ranging from cozy small-sized sanctuaries to spacious two-bedroom retreats, boast dimensions spanning 13 to 63 m². As the building undergoes subdivision into separate apartment properties, a selection of apartments is already available for reservation. These apartments are ideal for students, young professionals, and individuals commuting from suburban areas to work in the city. They also cater to those with investment goals, offering opportunities for investors to build a portfolio of short-term rental housing.

Originally this eclectic-style brick-wall gem was a multi-tenant building, its storied past spans over 120 years, with notable transitions, including a stint as a bustling bakery in the 1920s. The project was designed by architect Aleksejs Kīzeļbašs, whose contribution and handwriting can also be seen in several school and gymnasium buildings, including the historical building of the Riga State Technical School at Krišjāņa Valdemāra Street, the Valmiera State Gymnasium and the three-storey building at Palasta Street 9 in Old Riga. The first owner of the house was the businesswoman Marija Melnis (née Leimanis), which is quite a remarkable fact given the political background of the late 19th and early 20th centuries and the rise of women's emancipation.

In recent 15 years, the building has evolved into a hospitality haven, transformed into multiple apartments, thereby shaping its current character. Each apartment is individually sold and comes fully furnished with essential amenities, including either a shower or bath, and a reliable air-conditioning system for summer comfort. Additionally, residents have the choice of including a kitchen in their unit. Convenience is ensured with the provision of an elevator, while a laundry and drying room are situated in the basement for residents' use. For those requiring extra storage, basement storage unit is available for an additional fee.

“Strategically nestled a mere 15-20 minute stroll from key transportation hubs and the historic allure of Old Riga, the residence at Ģertrūdes Street 70 embodies convenience at its core. Nearby culinary delights beckon, from the famed "Lido" at Gertrude Street to charming bistros and bars, promising an array of epicurean adventures. Cultural enthusiasts will revel in the proximity to theaters, art galleries, and the serene ambiance of the "Zuzeum" art center.

“Strategically nestled a mere 15-20 minute stroll from key transportation hubs and the historic allure of Old Riga, the residence at Ģertrūdes Street 70 embodies convenience at its core. Nearby culinary delights beckon, from the famed "Lido" at Gertrude Street or fast food restaurants round the corner. Charming bistros, bars, and small grocery shops are less than a 10-minute walk away. Cultural enthusiasts will revel in the proximity to the Ģertrūdes Street Theatre, art galleries or the Zuzeum art centre, which has a wonderful café hidden away from the hustle and bustle of the city. The apartment's location will particularly appeal to individuals seeking to immerse themselves in the vibrant rhythm of the city or those in search of a cost-effective, compact "home base" within the heart of Riga," says Elīna Dūce, real estate agent.

With reservation contracts now open, seize the chance to secure your slice of Riga's bustling heart before purchase contracts are finalized upon the subdivision completion this summer. The land beneath the building will be owned by the new owners. Compact-sized apartments like these are rare in Riga; however, there remains a stable demand for relatively small residential spaces.

Embrace the essence of modern living in the residence at Ģertrūdes Street 70, where compact luxury meets urban sophistication.

Area: 13-63 m² | Rooms: 1-3 | Address: Ģertrūdes Street 70 | Price: from EUR 35,000 up.

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Elīna Dūce
+371 29278593
elina.duce@latio.lv