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New22 hours ago

18 Formosa Drive

Rouge Woods, Richmond Hill

$1,685,000

Detached|2-Storey
4 | 4 | 6
About this home

Sold Under POWER OF SALE. "Sold" As Is- Where Is. Beautiful, well-maintained and move-in ready home in desirable Rouge Woods! Situated on an impressive 142.15 x 91.84 ft. pie-shaped lot, this spacious detached two-storey home offers approximately 2,907 sq. ft. of above-grade living space as per MPAC, with approximately 4,499 sq. ft. of total living area including the mostly finished basement. Located within the highly regarded Bayview Secondary School and Richmond Rose Public School catchment. The functional family layout features 4 bedrooms and 4 bathrooms, including 2 ensuite bathrooms, spacious living and dining areas, a family room with fireplace, and an improved open-concept kitchen overlooking the family room. Enjoy updated flooring, refreshed interior finishes, and a roof replaced in 2015. The substantially finished basement provides excellent additional living space and flexibility. The property also features a double built-in garage and double private driveway, offering ample parking. Conveniently located close to schools, parks, public transit, shopping and everyday amenities. A beautiful family home offering an exceptional lot, generous living space and a sought-after Rouge Woods location. Move-in ready and a great opportunity - don't miss it! Power Of Sale, Seller Offers No Warranty. All Information Should Be Independently Verified.

Extras

No extras listed.

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Open houses

  • Sat, Sep 19

    2:00 PM – 4:00 PM

  • Sun, Sep 20

    2:00 PM – 4:00 PM

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Got questions?

Contact Sell with Strategy.

Milad Momtaz Azad
Milad Momtaz Azad
(647) 510-8858
Julian Kashani
Julian Kashani
(416) 837-7775
TypeDetached
Style2-Storey
Approx. AgeNot available
Size2500-3000 sq. ft.
Property Tax$8,696
Lot Size142.15 ft x 91.84 ft
mls© NumberN13800942
Listed ByRE/MAX REALTRON REALTY INC.

Listing History

  • No recent sale history for this listing.
  • No recent lease history for this listing.

Schools

Could you afford this home?

What the bank counts

This home's actual carrying costs, payment stress-tested at 6%

Mortgage, tested at 6%
$8,625
Property tax
$725
Heat allowance
$150
Housing costs
$9,499 / mo

Lenders cap these at 39% of gross income — that sets the number.

Down payment20% · $337,000
25-yr amortization

Income needed

$292,000

gross annual household income

Payment at 4%
$7,091 / mo
Cash down
$337,000

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

Estimated rent, cap rate and monthly cash flow for this property

Values and trends

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