• Status
    In planning
  • Address Baložu iela 21
  • Estimated price 2 700 €/m²
  • Expected completion date May 2025
  • Project size 3 floors (~15 condos)
  • Reservation fee 5 000 €
Next: Layout customization
Next: Layout customization


Key highlights

  • Rapidly growing location
  • Low-density housing
  • Proximity to city center
  • Prime heritage area
  • Flexible layout options
  • Thriving cultural hotspot

Project Āgenskalns presents the perfect city living opportunity. With culture, heritage, and nature at your fingertips, you can enjoy all the benefits of a big city living in picturesque small-town surroundings.

The opportunity

Dreaming of big city living without the negatives that come along with it? Project Āgenskalns may be the location for you.

With its close proximity to the city center, low-density housing, and historical surroundings, Āgenskalns is quickly becoming one of Riga’s most desired locations. Because of its growing popularity, its undergoing massive regeneration, with retail and hospitality hotspots choosing Āgenskalns as their new home.

Combined with the availability of schools & kindergartens in the area, the demand for housing in Āgenskalns is rising rapidly. The average price for a new build-in in this area has increased to approximately €2 700/m2.

Although Āgenskalns is going through a refresh, its “old town” feel is still very much alive. The heritage-lined streets and expansive green spaces make for charming scenery and offer great amenities to its residents.

Project Āgenskalns is in the development stage, which means you (and anyone else you’d like to create a community with) can influence how this project will look and feel. You can make suggestions about the land, building size, design, outdoor and indoor amenities, and more!

Building features

Our flexible building model allows various designs to be placed in this area. Typically, our buildings combine elements of traditional architecture characteristic for the area, plus modern components, such as glass, metal, and LED lighting.

All of our buildings include flexible condo layouts and are designed to leave the smallest overall environmental footprint through carefully selected materials and technologies.


Located on the left bank of the Daugava, Āgenskalns is an important slice of Riga’s history. Home to the famous Riga Central Market, House of the Blackheads, and Freedom Monument, the area’s rich heritage can still be felt today. Plus, it’s home to a vibrant art community with the Latvian Art Museum located very close by.

Featuring some of Riga’s best schools, kindergartens, and beautiful green parks - Āgenskalns ticks all the boxes.
Because of the outstanding amenity and proximity to the city center, prices in this area have steadily risen over the last decade leading to significant renovations and new builds. Āgenskalns has the most active neighborhood development community in Riga, with over 16 000 residents.

Distances by transport:

  • Rīga center - 12 min
  • Airport - 10 min
  • Shopping mall Spice - 4 min
  • Grocery stores - 2 min
  • Agenskalns market - 1 min
  • Agenskalns State Gymnasium - 3 min
  • Parks - 1 min

Project status

Project Āgenskalns is currently in the conceptual stage. This means you can join 15 - 25 other like-minded people and families to create custom-designed condos and order the project together.

Assuming 50% reservation by July 2023, we expect the building to be delivered in 18-24 months.

Because the building hasn’t been ordered yet, the customization possibilities for your new condo are limitless. We’ve prepared unique layout templates for the condos and commercial space, which you can completely customize. Plus, by joining the project from the start, you and your neighbors can collectively purchase upgrades for your common area amenities.

Cubed empowers you to live sustainably in a home and community that you’ve helped create.

Make your investment count by choosing CUBED.

Your consultant

Kristīne Kilupa

Kristīne Kilupa, +371 2044 0777


  • As this is a category “A” energy efficiency building this project concept qualifies for special financing from SEB & Swedbank:

  • ・Up to 0.5% lower interest compared to standard
  • ・Free mortgage assessment
  • ・Up to 30-year loan
  • ・Down payment starting from 15%

How to start with Cubed

  1. Discover a project

    Choose where you’d like to live by browsing our available projects and locations. Can’t find anything you like? Suggest a new project, and we’ll match you with others looking for the same thing!

  2. Create your condo layout

    Use our self-service platform to design your ideal condo layout. Our designers will support you to make any customization. Even if you haven't found a project yet, you can start creating a custom condo layout. Then we'll help you find a project that fits.

  3. Receive offer and make a reservation

    When you’re ready for us to bring your vision to life, agree to our offer and make a reservation for your custom condo.