$4,300/mo - 42 Formosa Drive, Richmond Hill
Detached for Rent in Richmond Hill
New — Listed 3 days agoNeighbourhood: Rouge Woods
- MLS Number
- N13519954
- Property Type
- Detached
- Status
- active
- Days on Site
- 3
- Bedrooms
- 4
- Bathrooms
- 3
- Square Feet
- 2,000 - 2,499 sqft
- Neighbourhood
- Richmond Hill
- Listing Brokerage
- ROYAL LEPAGE SIGNATURE REALTY
Set within one of Richmond Hill's most established and family-oriented communities, 42 Formosa Drive presents a rare opportunity to lease a well-maintained detached residence offering exceptional comfort, functionality, and long-term livability.Bathed in natural light, the principal living spaces are thoughtfully arranged to create a seamless flow between the living, dining areas, and a well-appointed kitchen. Forming an inviting setting for both everyday family life and casual entertaining. Upstairs, the home continues to impress with well-proportioned bedrooms, ample storage, and a comfortable private retreat for the household. The lower level features a spacious basement with an above-grade window, providing excellent natural light and flexible additional living space suited for recreation, work, or extended family use.Located within the highly sought-after Bayview Secondary School catchment, this address is especially appealing to families prioritizing access to strong academic programming. The surrounding neighbourhood is defined by mature tree-lined streets, nearby parks, walking trails, and an abundance of recreational amenities, offering a quiet yet connected suburban lifestyle.Despite its peaceful setting, the home remains exceptionally well connected to transit, major highways, shopping centres, dining, and everyday conveniences. Rarely offered in this pocket, opportunities to lease a detached home of this calibre are limited. This is a chance to secure a quality residence in one of Richmond Hill's most desirable family communities.
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.
42 Formosa Drive, Richmond Hill
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How this lease stacks up against the local rental market
Estimated Monthly Budget
Things to Confirm Before Signing
· Are utilities included, or separate?
· How many parking spots are included?
· Is the landlord open to a 1-year or 2-year lease?
· Are pets and small renovations (paint, hooks) allowed?
· When was the last rent increase, if there is a prior tenant?
Utility estimates are approximate and vary by season, habits, and what the landlord includes. Always confirm inclusions with the listing agent.
Joe's Thoughts
Honest perspective from 30+ years of GTA real estate experience
Fairly Priced Rental
At $4,300/mo, this is in line with typical 4-bedroom rents in Richmond Hill (~$4,200/mo). The rent itself may be firm, but there's often room to negotiate on lease terms — move-in date, appliance inclusions, or parking.
Just Listed - Act Strategically
This property hit the market within the last week. In Richmond Hill's current market, desirable homes often receive multiple offers within 5-7 days. If you're seriously interested, I recommend booking a showing immediately. However, never let urgency override due diligence - we'll still do proper inspections.
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 3 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.