74 Formosa Drive, Richmond Hill, ON
Property Highlights
Welcome to this remarkable 2-Storey detached located in the coveted neighborhood of Rouge Woods. Expertly crafted featuring premium brick construction, this residence presents an exceptional opportunity offered at $1,480,000 to acquire a beautiful home in a highly sought-after setting. Designed for both comfortable daily living and elegant entertaining, the layout maximizes natural light, functional flow, and lifestyle utility.
- 5 Bedrooms and 5 Bathrooms
- Generous living space spanning 2000-2500 sqft on a premium 31.5 x 109.91 ft lot
- Features a finished with walk-out basement, adding superb versatility for recreation, a home gym, or extra storage
- 6.0 total parking spaces available with a convenient attached configuration
- Notable attributes: Other
- equipped with central air central cooling and highly efficient forced air heating via gas
Description
A Fantastic Family Home Ideally Located In One Of Richmond Hill's Most Desirable Neighbourhoods - The Prestigious Rouge Woods Community! Mins To The Top Ranking Bayview Secondary School, Parks, Shopping, Restaurants, Transit And All Amenities. This Beautifully Upgraded And Spacious 4+1 Bedroom, 5-Bathroom Family Home Features A Functional Open-Concept Layout, 9-Ft Smooth Ceilings On The Main Floor, All New Hardwood Flooring throughout the house, New Bathroom in Basement, New Pot Lights And All light fixtures. An Elegant Living/Dining Area. The Modern Kitchen Boasts Quartz Countertops, Stylish Backsplash, Ample Cabinetry, Large Centre Island, 4 Burner Gas Stove, Double Door Fridge With Wifi Feature And Breakfast Area With Walk-Out To A Generous Deck-Perfect For Entertaining. Bright And Inviting Family Room With Gas Fireplace. Upstairs Offers 4 Spacious Bedrooms, Including Multiple Ensuite Baths. The Professionally Finished Walk-Out Basement Features A Wet Bar Which Can Be Converted Into A Second Kitchen, One Additional Full Size Bedroom, Full Bathroom And Recreation/Living Space, Offering Excellent Flexibility For Extended Family Or Additional Living Space. Private And Attached Double Garage With Super Long Driveway, No Sidewalk Which Provides Ample Parking.
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Property Summary
This detached home located at 74 Formosa Drive, Richmond Hill is currently for sale and has been available on SousaSells for 1 day. This property is listed at $1,480,000 with an estimated mortgage of $4,926* per month. It has 5 beds, 5 bathrooms, and is 2000-2500 square feet. 74 Formosa Drive, Richmond Hill is in the Rouge Woods neighborhood.
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* Estimated mortgage assumes a 30% down payment, 4.00% interest rate, and 30-year amortization.Yes! Featuring 5 bedrooms and 5 bathrooms, this home offers ample space and comfort for growing families in Rouge Woods, Richmond Hill.
- •5 spacious bedroom layout offering versatile living space
- •5 well-appointed bathrooms
- •2000-2500 sqft of generous functional square footage
Growing families needing multi-bedroom flexibility and space in Rouge Woods, Richmond Hill.
Key Features
Additional Details
Property Details
Parking & Garage
Heating & Cooling
Features
Property Features
- Greenbelt/Conservation
- Park
- Place Of Worship
- Public Transit
- Rec./Commun.Centre
- School
Interior Features
- Other
Security Features
None listed
Community Features
None listed
Property History
No historical data available for this property.
This could be the first listing for this address.
Frequently Asked Questions about 74 Formosa Drive, Richmond Hill, ON
Q.What is the asking price for 74 Formosa Drive, Richmond Hill, ON ?
The current listing price for 74 Formosa Drive, Richmond Hill, ON in Rouge Woods, Richmond Hill is $1,480,000.
Q.How many bedrooms and bathrooms does this property have?
This property features 5 bedrooms and 5 bathrooms across approximately 2000-2500 sqft.
Q.What property type and architectural style is 74 Formosa Drive, Richmond Hill, ON ?
74 Formosa Drive, Richmond Hill, ON is a Detached (2-Storey) featuring a Finished with Walk-Out basement.
Q.What key property features does 74 Formosa Drive, Richmond Hill, ON offer?
Key property features include: Greenbelt/Conservation, Park, Place Of Worship, Public Transit, Rec./Commun.Centre, School.
Q.What interior features are included in this home?
Interior highlights include: Other.
Q.Is parking available at this property?
Yes, this property offers parking space for 6.0 vehicles (Attached).
Q.What heating and cooling systems are installed?
Heating is provided via Gas and cooling via Central Air.
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Location
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Open in Google MapsNeighborhood Safety & Crime Analytics
Rouge Woods, Richmond Hill
10 assaults (38.5/100k)
11 B&E (42.3/100k)
20 thefts (76.9/100k)
Improving vs previous year
Formula: (Annual Occurrences / Population) × 100,000. This standard policing calculation normalizes incident frequencies across different population sizes, allowing accurate safety comparisons between quiet residential pockets and dense urban centres.
Disclaimer: Crime and safety analytics are compiled from official municipal and regional police open data records for general consumer informational and demographic research purposes only. Data is deemed reliable but is not guaranteed and does not constitute a legal representation or guarantee of future safety.
Pricing & Value Insights
Data-driven valuation for 74 Formosa Drive, Richmond Hill, ON L4S 1S9
Based on 0 recent similar sales in the pocket.
Properties in this area are selling at a steady pace.
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About Purchasing a Home in Richmond Hill, ON
For a property listed at $1,480,000 in Richmond Hill, the legal minimum down payment is $296,000 under current Canadian banking regulations. This calculation applies a 5% requirement on the first $500,000, 10% on the next $499,999, and a flat 20% on any amount exceeding $1,000,000.
Additionally, buyers in Ontario must budget for the Provincial Land Transfer Tax, which is estimated at $26,075 for this transaction. As this listing is in Richmond Hill (outside the City of Toronto), no additional municipal land transfer tax is levied, resulting in total estimated land transfer taxes of $26,075.
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Disclaimer: AI Insights are generated by an automated system and should be used for informational purposes only. While we strive for accuracy using current market data and deep-learning models, these assessments do not constitute professional real estate, legal, or financial advice. All property values, predictions, and scores are estimates. We strongly recommend verifying all property details and conducting independent due diligence with a licensed professional before making any purchase decisions.
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