94 Formosa Drive, Richmond Hill, ON L4S 1T1
Rouge Woods, Richmond Hill · Near Major Mackenzie & Bayview · View map
About this home
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.
The home
- Type
- Semi-detached home
- Style
- 2-Storey
- Square footage
- 1500-2000 sq ft
- Bedrooms
- 3
- Bathrooms
- 3
- Kitchens
- 1
- Rooms
- 5
- Basement
- Finished with Walk-Out
- Lot size
- 20.9 x 101.6 ft
- Faces
- North
Ownership & fees
- Ownership
- Freehold
- Monthly condo fee
- None
- Exterior
- Brick
Heating & cooling
- Heating fuel
- Gas
- Heating type
- Forced Air
- Air conditioning
- Central Air
- Fireplace
- No
Garage & parking
- Garage
- Attached
- Garage spaces
- 1
- Driveway spaces
- 2
- Total parking
- 3
- Parking features
- Private
Taxes & other
- Property taxes
- $5,838/yr
- Tax year
- 2026
- Occupancy
- Vacant
- Possession
- 30/60/90/ TBA
- Cross street
- Major Mackenzie & Bayview
- Neighbourhood
- Rouge Woods
More
- Price per sq ft
- ~$571 (at 1,750 sq ft)
- MLS® number
- N14093166
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The home and its surroundings
- In-Law Capability
- Storage
- Water Heater
- Fenced Yard
- School
- Deck
- Mortgage
- Property tax
- Maintenance fee
Cash needed to close
Estimates only, using Canadian semi-annual compounding, Ontario land transfer tax. Mortgage default insurance is added when you put down less than 20%. Your lender and lawyer will confirm exact numbers.
94 Formosa Drive, Richmond Hill, ON L4S 1T1
Rouge Woods, Richmond Hill · Near Major Mackenzie & Bayview
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Listing history for 94 Formosa Drive
See what this home and others at the same address were listed for, what they sold for, and how long it took.
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Frequently asked questions about 94 Formosa Drive
Answers come straight from this home’s MLS® listing.
How much is 94 Formosa Drive listed for, and what would it cost each month?
94 Formosa Drive is listed for $999,000. With 20% down ($199,800), the mortgage payment would be roughly $4,030 a month at 4.5% over 30 years. Add property tax and the estimate comes to about $4,516 a month, all in. That figure is an illustration, not a quote.
Is 94 Formosa Drive freehold or a condo, and is there a monthly fee?
94 Formosa Drive is a semi-detached home in Rouge Woods, Richmond Hill. Ownership is freehold: you own the home and the lot. There is no monthly condo fee, so the roof, windows, driveway, snow and lawn are yours to look after.
How many bedrooms and bathrooms does 94 Formosa Drive have?
94 Formosa Drive has 3 bedrooms and 3 bathrooms. The listing gives the style as 2-storey.
Does 94 Formosa Drive have a garage and parking?
Yes. The listing shows the garage as attached, with room for 1 car. The driveway adds 2 spaces. In total the listing counts 3 parking spaces.
Does 94 Formosa Drive have a finished basement?
The listing describes the basement as finished with walk-out. Finished basement space is usually not counted in the square footage shown. A listing description is not proof of a legal second unit, so confirm zoning and permits with the municipality before counting on rental income.
What style of home is 94 Formosa Drive?
94 Formosa Drive is a semi-detached home. A semi-detached home shares one side wall with the home next door.
How big is 94 Formosa Drive, and what is the lot size?
The listing puts the home between 1,500 and 2,000 sq ft. The board reports a range rather than an exact figure, and it usually leaves out the basement. The lot is listed as 20.9 x 101.6 ft.
How is 94 Formosa Drive heated and cooled?
Heating is forced air (gas). Cooling is central air.
What are the property taxes for 94 Formosa Drive?
Property taxes are $5,838 a year (2026), or about $486 a month.
Where is 94 Formosa Drive?
94 Formosa Drive is in the Rouge Woods community of Richmond Hill. The nearest main intersection is Major Mackenzie & Bayview. The postal code is L4S 1T1.
Is 94 Formosa Drive still for sale?
Yes. It is an active listing (MLS® N14093166). Listings here update from the board through the day and come down once a home sells.
What are similar properties near 94 Formosa Drive asking?
Similar properties for sale nearby right now include 29 Indigo Street at $1,148,888 (3 bed), 17 Indigo Street at $1,228,989 (3 bed) and 274 Demaine Crescent at $924,900 (3+3 bed). These are asking prices, not sold prices. The Sold history tab shows what homes at this address went for.
What have homes at 94 Formosa Drive sold for?
Recent sales, leases and expired listings for this home and others at the same address are in the Sold history tab, with the price and date of each. It is free for members.
How do I book a showing at 94 Formosa Drive?
Pick a day and time with Book a Tour on this page. Tours are free, with no obligation, in person or by video. You can also call or text 647-931-3923.
Have a different question? Ask about this home and get an answer, usually within the hour.
Similar properties nearby
More properties for sale near Rouge Woods, picked by style, size and price.
Semi-detached home$1,148,88829 Indigo Street, Richmond Hill3 bed · 3 bath · Rouge WoodsCourtesy of: CENTURY 21 ATRIA REALTY INC.View home →
Semi-detached home$1,228,98917 Indigo Street, Richmond Hill3 bed · 3 bath · Rouge WoodsCourtesy of: AVION REALTY INC.View home →
Semi-detached home$924,900274 Demaine Crescent, Richmond Hill3+3 bed · 4 bath · CrosbyCourtesy of: CENTURY 21 HERITAGE GROUP LTD.View home →Courtesy of: SOTHEBY'S INTERNATIONAL REALTY CANADA
Listing information comes from the Toronto Regional Real Estate Board through PropTx and is deemed reliable but is not guaranteed accurate. It is provided for consumers' personal, non-commercial use. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA.
*Estimated monthly cost assumes 20% down, a 4.5% rate and a 30-year amortization, plus property tax. For illustration only.