$1,588,000 - 35 Formosa Drive, Richmond Hill
Detached for Sale in Richmond Hill
Neighbourhood: Rouge Woods
- MLS Number
- N13643014
- Property Type
- Detached
- Status
- active
- Days on Site
- 18
- Bedrooms
- 4
- Bathrooms
- 4
- Square Feet
- 2,000 - 2,499 sqft
- Neighbourhood
- Richmond Hill
- Listing Brokerage
- REAL ONE REALTY INC.
Superb Locations!! Welcome To This Stunning & Brand New Finishes Detached Home Situated In The Quiet & Friendly Heart Of Prestigious Rouge Wood Community In City Of Richmond Hill. Top $$$ Spent On The Fabulous Upgrades Through Out From Top To Bottom But Not Just Limited To The Inside Of The House! Significant Difference Features Brand New Interlock Stairway & Interior Elevator ($50K) & Brand New Modern Dbl Garage Doors! All Brand New Windows & Classic Front Door & Double Elegant Garage Doors! Professional Landscaping And So Many More! Modern Interior Design & Finishes Featuring Everything Brand New Including Engineering Hardwood Floor Thru/Out, Elevator, Pot Lights, Fireplace, Comtemporary Goumet Kitchen With Large Kithen Island & Quatz Countertop. Brand New All Sets Of Top-Of-The-Line Appliances. Walk Out To The Private Fenced Backyard With Interlock & Professional Landscaping! Four Very Spacious & Bright Bedrooms Upstairs Including Double Ensuites, Spa-Like Main Ensuite Bathroom. Large Bay Windows On Both Ensuite Bedrooms! Brand New Lightings & Pot Lights Everywhere! Top Ranking School Zone - Famous Bayview Secondary School & Richmond Rose PS Is Just Two Minutes Walking! Minutes from Hwy 407 & 404. Steps To Rouge Wood Community Centre, Large Shopping Malls, All Popular Restaurants, YRT, All Supermarkets, Schools, Library, Parks and So Many More!! Really Can't Miss It!
Estimate your monthly payments for this property
Estimated Payment
$7,024.26/mo
5-yr fixed avg.
Rates shown are estimates based on typical Ontario 5-year fixed rates. Canadian mortgages use semi-annual compounding as required by law. CMHC insurance applies to purchases under $1.5M with less than 20% down. Estimated property tax uses an approximate 0.85% rate. Contact us for current rate options and pre-approval.
Discover Rouge Woods
Rouge Woods is a vibrant community in the Greater Toronto Area, offering excellent amenities, schools, and transportation options. This area is popular with families and professionals seeking a balanced lifestyle with access to urban conveniences and natural spaces.
Why Live in Rouge Woods
- •Convenient location in Richmond Hill
- •Access to local shops and dining
- •Good public transit connections
- •Community parks and green spaces
- •Well-maintained neighbourhoods
Nearby Schools
Transit & Commuting
- •MiWay bus routes throughout the area
- •GO Transit stations within driving distance
- •Easy highway access to 401/403/QEW
- •Walking distance to local amenities
Parks & Amenities
- •Local parks and recreational facilities
- •Community centres
- •Shopping plazas nearby
- •Restaurants and cafes
Lifestyle & Community
Rouge Woods offers a wonderful quality of life with a mix of residential charm and urban convenience. Residents enjoy easy access to schools, parks, and shopping, making it an ideal location for families and professionals alike.
35 Formosa Drive, Richmond Hill
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Monthly Cash Flow Breakdown
Note: These are estimates only. Actual figures may vary based on market conditions, property condition, and other factors. Consult with a financial advisor for personalized advice.
Joe's Thoughts
Honest perspective from 30+ years of GTA real estate experience
Competitive Pricing
At $794/sqft, this is priced below the area average. This could represent genuine value, but let's investigate why. In my experience, underpriced homes often have deferred maintenance, unfavourable layouts, or motivated sellers. I'll help you determine which it is.
Market Position
At 18 days on site, this property has had reasonable exposure. It hasn't sold immediately (which often indicates overpricing), but isn't languishing either. There's likely room for a 3-5% negotiation from asking price.
Detached Home Advantages
Detached homes in Richmond Hill are increasingly scarce and valuable. You'll have no shared walls, full control over renovations, and typically stronger appreciation. Consider the lot size and potential for future additions or basement apartment income. Detached homes also offer the most flexibility for growing families.
Family-Friendly Layout
4 bedrooms hits the sweet spot for most families. You'll have room for 2-3 children plus a home office or guest room. This is the most sought-after configuration for families relocating to Richmond Hill. Good resale value as demand remains consistent.
Bathroom Count Matters
With 4 bathrooms, morning routines are much smoother. Multiple bathrooms significantly improve daily livability and are a major selling point for resale. Buyers consistently pay more for adequate bathroom counts - this is a strong feature.
About Rouge Woods
I know Rouge Woods well from working with many buyers and sellers here. Each pocket has its own character - let me share what I've learned about this specific street and block. During our showing, I'll point out local amenities, school catchments, and what similar homes have sold for recently.