8 apartments l Great location l Building permit
Private property, stone house, house area 589.6 m², total area 730.5 m²
Heating and ventilation: central heating
Additional information: electricity, public transport, wall wooden wall
Sanitary arrangements: sewerage, urban water
For sale: a development project with strong potential in Tallinn’s rapidly evolving Paevälja district, directly adjacent to Hepsor’s new Paevälja residential quarter.
The property at 3 Paevälja Boulevard features a two-storey building with limestone walls, originally constructed around 1936. A comprehensive design has been prepared for its reconstruction and extension into an apartment building, and the required building notice has been issued. The project includes the complete renovation of the existing building, demolition of the Soviet-era extension, and construction of a third mansard floor.
The completed residential building will comprise eight apartments: three on the ground floor, four on the first floor, and one spacious apartment on the second floor.
The planned apartment sizes range from 45.0 to 205.5 m². The total residential floor area is 589.6 m², while the building’s enclosed/heated net floor area is 730.5 m².
The design preserves the building’s historic limestone façade and follows the principle of “historic on the outside, contemporary on the inside.” The preliminary design provides for entirely new technical systems, district heating, individual mechanical ventilation systems with heat recovery for each apartment, new water supply and sewerage solutions, and a modern indoor climate.
The property has a total area of 2,074 m². According to the site plan, it will include ten parking spaces with EV-charging infrastructure, bicycle storage for eight bicycles, private storage units, and a landscaped courtyard. The planned proportion of landscaped grounds is 43.9%.
The location is one of the project’s greatest strengths. Paevälja is developing into a cohesive new residential district where historic limestone architecture, modern developments, and convenient connections to Tallinn city centre, Kadriorg, the Song Festival Grounds, and Pirita create an attractive environment for prospective homeowners. The neighbouring Hepsor Paevälja development is supporting the area’s appreciation in value while bringing contemporary urban space and new residents to the neighbourhood.
KEY INFORMATION
Property area: 2,074 m²
Cadastral reference: 78403:304:0036
Project: Reconstruction and extension into an apartment building
Number of apartments: 8
Residential floor area: 589.6 m²
Enclosed/heated net floor area: 730.5 m²
Building footprint: 401.3 m²
Number of floors: 3
Parking spaces: 10
Storage units: 9
Bicycle spaces: 8
Heating: District heating
Ventilation: Individual mechanical ventilation with heat recovery for each apartment
Price: €888,000
VAT is neither included in nor added to the price.
This is a development project for which the essential preparatory work has already been completed, allowing construction to begin immediately. The property is ideal for an investor or developer seeking to enter an area of growing demand with a clearly defined residential development project. The property may also be purchased together with a construction contract.
ADDITIONAL INFORMATION
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