- Bedrooms
- 3
- Bathrooms
- 3
- Size
- 1,500–2,000sq ft
- Per sq ft
- $571at the range’s middle
- Lot
- 20.88 x 101.64 ft
- Tax a year
- $5,8382026 tax year
- Parking
- 31 attached
- Days on market
- Members
The brief
About 94 Formosa Dr
94 Formosa Dr is a 3-bedroom, 3-bathroom semi-detached house in Rouge Woods, Richmond Hill, listed for sale at an asking price of $999,000 (MLS® N14093166).
Opportunity knocks on a premium lot in one of Richmond Hill's most sought-after pockets. Situated off Bayview and Major Mackenzie, this 3 bedroom, 3 bathroom semi just under 1600 square feet of above grade living space. The open concept main floor is filled with natural light. The bedrooms are generously sized. The primary bedroom features a walk-in closet and private ensuite, with a second full bathroom upstairs. The finished basement has a walk-out to the backyard, offering in-law suite potential. Mature trees in both the front and backyard provide added privacy. Interior access to the attached garage provides everyday convenience. Whether you are an end user looking to renovate and make a property feel like your own, or an investor looking for strong rental income potential, this is a true value-add opportunity. Minutes to Highway 404, big name retailers, restaurants, and parks, all within the Bayview Secondary School area. Homes with this much upside in this location don't come around often.
Insights
Condition Score
Good68/1006 condition-related facts documented
Source: Listing age, structured features and disclosed update language; not an inspection.
Cashflow Quality
Shortfall16/100−$2,244/mo against the cost of owning (20% down, 4.8%, 25 yrs)
Source: Median of 9 semi-detached homes with 3 bedrooms for lease in Richmond Hill right now. Cost of owning counts the mortgage and property tax.
Condition uses listing-record signals, not an inspection.
The home
Key facts
- Tax
- $5,838 / 2026
- MLS® number
- N14093166
- Board
- TRREB MLS®
- Property Type
- Semi-Detached
- Days on market
- Size
- 1500-2000 sqft
- Lot Size
- 20.88 x 101.64 ft
- Listed on
- Parking
- 1 Attached, 3 Parking
Property details
Property
- Property Type
- Semi-Detached
- Style
- 2-Storey
- Community
- Rouge Woods
- Municipality
- Richmond Hill
Building
- Size
- 1500-2000 sqft
- Construction
- Brick
Inside
- Bedrooms
- 3
- Bathrooms
- 3
- Bathroom Details
- 1 × 4pc 2nd, 1 × 4pc 2nd, 1 × 2pc Main
- Basement Type
- Finished with Walk-Out
- Kitchens
- 1
Parking
- Driveway
- Private
- Garage Type
- Attached
- Garage
- 1
- Additional Parking
- 2
- Total Parking
- 3
Utilities
- Water
- Municipal
- Cooling
- Central Air
- Heating Type
- Forced Air
Land
- Sewer
- Sewers
- Frontage
- 20.88 ft
- Depth
- 101.64 ft
- Lot Size
- 20.88 x 101.64 ft
Additional
- Foundation
- Concrete
- Roof
- Asphalt Shingle
- Fireplace
- No
- Pool
- None
- Den
- No
- Family room
- No
- Extras
- Fridge, Stove, Dishwasher, Range Hood,Washer and Dryer, All Electrical Light Fixtures
Rooms
| Room | Size | Features | Level |
|---|---|---|---|
| Kitchen | 2.72 × 5.55 m | Eat-In Kitchen, Breakfast Bar | Main |
| Dining | 2.89 × 3.08 m | W/O To Deck, Combined W/Living | Main |
| Living | 3.82 × 4.29 m | Large Window, Combined W/Dining | Main |
| Primary | 5.11 × 4.29 m | W/I Closet, 4 Pc Ensuite | 2nd |
| 2nd Br | 3.1 × 3.53 m | Closet, Window | 2nd |
| 3rd Br | 2.76 × 3.01 m | Closet, Window | 2nd |
Listing history
Buy/sell history for 94 Formosa Dr, Richmond Hill, Ontario
Sale history on this site covers the last 2 years, the window permitted under the TRREB MLS® VOW agreement.
| Date Start | Date End | List Price | Price | Event | Listing ID |
|---|---|---|---|---|---|
| Date StartN/A | N/A | $999,000 | N/A | Sc | N14093166 |
Members see the full history. Prices are hidden from signed-out visitors.
The numbers
Mortgage Calculator
Plan with the current asking price
CMHC insurance: not required at 20% down. Payments use Canadian semi-annual compounding.
Mortgage Details
4.8% · 5-year term · 25-year amortization · 20% down
- Total down payment
- $199,800
- Total mortgage amount
- $799,200
- Total interest payment
- $568,200
- Total purchase cost
- $1,567,200
- Mortgage payment
- $4,558/mo
Cash Flow Analysis
If you rented this home out at 20% down
Break-even down payment
59%Monthly carrying cost
$5,044- Rent $2,800
- Shortfall $2,244
Rental income opens at $2,800, the median asking rent of 9 comparable homes for lease in Richmond Hill. Type over it with the rent you expect. This is a planning tool, not advice.
Land transfer tax on this home
- Ontario land transfer tax
- $16,455
- Total land transfer tax
- $16,455
- First-time buyer rebates (Ontario up to $4,000)
- −$4,000
- Total for first-time buyers
- $12,455
See how this is worked out
- 0.5% on the first $55,000
- $275
- 1.0% from $55,000 to $250,000
- $1,950
- 1.5% from $250,000 to $400,000
- $2,250
- 2.0% from $400,000 to $999,000
- $11,980
- Ontario total
- $16,455
An estimate at the asking price, for a home with one or two single-family residences. Your lawyer confirms the exact amount.
Estimate
Estimated value requires sign in
Market estimates use sold comparables and are available after you sign in and accept MLS® VOW terms.
The estimate is an automated value built from public and MLS® data. It is not an appraisal; ask Kassaundra Dobson, Broker of Record for a full comparative market analysis.
Comparable sales
Comparable sales require sign in
Closing prices and sold comps are available to registered visitors who accept MLS® VOW terms on this site.
The land
Lot
- Lot area
- 2,122 sq ft197 m²
- Street frontage
- 20.88 ft6.4 m
- Depth
- 101.64 ft31 m
The area is the frontage multiplied by the depth, so boundaries are approximate. Confirm with a survey before you buy.
Source: the MLS® listing record.
Land and environment
Public records about this location. Not part of the MLS® listing and not provided by the listing brokerage.
Water and conservation3
- Not in Toronto and Region Conservation Authority’s mapped regulated areaAt the address
- No mapped wetland within 120 m120 m
- No water-supply well recorded within 250 m1 test or monitoring hole also recorded.250 m
Toronto and Region Conservation Authority · Province of Ontario open data
Planning and building activity2
- Outside the Greenbelt, Oak Ridges Moraine and Niagara Escarpment plan areasAt the address
- Nearest airport: 3.5 km3.5 km
Province of Ontario open data
Environmental records4
- No licensed pit or quarry within 2 km2 km
- No recorded oil, gas or salt well within 250 m250 m
- No facility within 1 km reports pollutant releases to Environment CanadaThe nearest is Gamma Foundries Inc. — Richmond Hill, 1.6 km away. Only facilities above the inventory’s reporting thresholds are listed.1 km
- No federal contaminated site within 1 kmThe federal inventory covers federal land only; it says nothing about provincial or private sites.1 km
Province of Ontario open data · Government of Canada open data
Power and internet3
- Electricity is distributed here by Alectra Utilities CorporationAt the address
- Wired internet 50/10 Mbps or faster is listed at a household 40 m awayFixed wireless up to 25/5 Mbps. LTE mobile coverage listed. ISED’s National Broadband Data at the nearest household point (40 m from the listing); 50/10 Mbps is its top category and includes faster plans. Confirm with a provider for this address.40 m
- Across the surrounding area: fibre to the home, cable, DSL internet listedFibre to the home: Bell, Dotto One, Rogers, telMAX. Cable: Rogers. DSL: Bell. Fixed wireless: Bell, Dash Networks, Rogers, Routcom, Vianet. Mobile: Bell, Freedom Mobile, Rogers, Telus. Satellite: Xplore. ISED’s list for the surrounding ~25 km² area; check with a provider for this address.Area-wide
Ontario Energy Board · Innovation, Science and Economic Development Canada
Each record is placed at the distance its own line states. None of it is an inspection of the property. Confirm anything that matters to you with the municipality, Toronto and Region Conservation Authorityor the record’s publisher.
Contains information licensed under the Open Government Licence – Canada. Contains information licensed under the Open Government Licence – Ontario. Contains information made available under the Toronto and Region Conservation Authority Open Data Licence v1.0.
The market
Market area · filters apply to the charts below
The street
Map and tour
Transit nearby
| Station | Lines | Distance |
|---|---|---|
| Richmond Hill GO | GO Transit train: Richmond Hill | 1.9 km |
| Yonge / Crosby | YRT bus rapid transit: Viva Blue | 2.6 km |
| Yonge / Elgin Mills | YRT bus rapid transit: Viva Blue | 2.8 km |
| Yonge / Major Mackenzie | YRT bus rapid transit: Viva Blue | 2.9 km |
| Bernard Terminal | YRT bus rapid transit: Viva Blue | 2.9 km |
The nearest subway, light rail, train, bus rapid transit stations 5 km, as the crow flies. Source: GO Transit schedule data (GTFS) from Metrolinx under the Open Government Licence – Ontario – Metrolinx; YRT schedule data (GTFS) from York Region Transit under the YRT Open Data Licence 2.0, downloaded October 18, 2026. Data used in this product or service is provided with the permission of Metrolinx. Metrolinx makes no representations or warranties of any kind, express or implied, with respect to the Data and assumes no responsibility for the accuracy or currency of the data used in this product or service. Contains information licensed under the Open Government Licence – Ontario – Metrolinx. Contains public transit Information made available under YRT's Open Data Licence.
Schools nearby
| Elementary | Type | Distance | EQAO average 2024–25 |
|---|---|---|---|
| Richmond Rose Public SchoolYork Region DSB | Public · grades JK–8 | 450 m | 94%Grade 6 average |
| Silver Stream Public SchoolYork Region DSB | Public · grades JK–8 | 550 m | 96%Grade 6 average |
| Our Lady Help of Christians Catholic Elementary SchoolYork CDSB | Catholic · grades JK–8 | 1 km | 79%Grade 6 average |
| ÉÉC Sainte-Marguerite-Bourgeoys-MarkhamConseil scolaire catholique MonAvenir | French-language Catholic · grades JK–8 | 4.6 km | 95%Grade 3 average |
| Secondary | Type | Distance | Grade 9 math 2024–25 |
|---|---|---|---|
| Our Lady Queen of the World CA High SchoolYork CDSB | Catholic · grades 9–12 · French Immersion | 850 m | 79%Grade 9 math |
| Bayview Secondary SchoolYork Region DSB | Public · grades 9–12 | 1 km | 91%Grade 9 math |
| Richmond Green Secondary SchoolYork Region DSB | Public · grades 9–12 | 2.1 km | 82%Grade 9 math |
| École secondaire Norval-MorrisseauConseil scolaire Viamonde | French-language public · grades 9–12 | 2.8 km | 90%Grade 9 math |
EQAO: share of students at or above the provincial standard, 2024–25 (Ontario open data). These are the schools nearest this home, not the schools it is assigned to: boundaries change, and some schools take students by application. Confirm with the board before you buy. Contains information licensed under the Open Government Licence – Ontario.
The verdict
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Sold prices in Rouge Woods are shown to signed-in members.