A Fantastic Family Home Ideally Located In One Of Richmond Hill's Most Desirable Neighbourhoods - The Prestigious Rouge Woods Community! Mins To The Top Ranking Bayview Secondary School, Parks, Shopping, Restaurants, Transit And All Amenities. This Beautifully Upgraded And Spacious 4+1 Bedroom, 5-Bathroom Family Home Features A Functional Open-Concept Layout, 9-Ft Smooth Ceilings On The Main Floor, All New Hardwood Flooring throughout the house, New Bathroom in Basement, New Pot Lights And All light fixtures. An Elegant Living/Dining Area. A Modern Kitchen Boasts Quartz Countertops, Stylish Backsplash, Ample Cabinetry, Large Centre Island, 4 Burner Gas Stove, Double Door Fridge With Wifi Feature And Breakfast Area With Walk-Out To A Generous and New Deck Which Is Perfect For Entertaining. Bright And Inviting Family Room With Gas Fireplace. Upstairs Offers 4 Spacious Bedrooms, Including Multiple Ensuite Baths. The Professionally Finished Walk-Out Basement Features A Wet Bar Which Can Be Converted Into A Second Kitchen, One Additional Full Size Bedroom, Full Bathroom And Recreation/Living Space, Offering Excellent Flexibility For Extended Family Or Additional Living Space. New Window Coverings. New Garage Door & Remote Opener. Private And Attached Double Garage With Super Long Driveway, No Sidewalk Which Provides Ample Parking.
4 bedrooms, 4 bathrooms, about 2,000 sq ft, works out to roughly $740 per square foot, the bed-to-bath ratio is generous. Chat with Zara if you'd like a deeper read on whether this detached fits your budget and timing.
Inside 74 Formosa Dr
Every detail from the listing, in one place.
Type
Detached
Style
2-Storey
Living space
2000-2500 sq ftas stated on the listing
Lot size
31.50 x 109.91 Feet
Parking
6 spacesYes garage
Basement
Finished with Walk-Out
Features & systems
Parking & garage
Garage
Yes
Parking spaces
6
Interior
Basement
Finished with Walk-Out
Lot & land
Lot dimensions
31.50 x 109.91 Feet
Lot size (sqft)
0
Listing & possession
Property style
2-Storey
Property class
Detached
74 Formosa Dr Price & Sale History
Earlier listings of this property, list-price changes, and the most recent annual property tax on the listing.
For saleListedThis listingMLS® N13750534$1,480,000
Sourced from MLS®. Includes earlier listings of this property on record.
What's it worth?
How 74 Formosa Dr Compares to the Richmond Hill Market
Zara compares it with recent sales of similar homes nearby. It's a guide, not an appraisal.
Independent mortgage broker · OAC · rates subject to change and underwritingMortgage Squad →
Referral disclosure: Summitly may refer you to Mortgage Squad Advisors, an affiliated mortgage partner. You are free to choose any lender or mortgage professional.
Monthly cost
Enter a rate to see the monthly cost
An estimate, not a quote. Utilities and insurance are extra.
Affordability calculator
Estimated monthly payment
$7,271
/mo
based on the purchase price of $1,480,000
$296,000 cash
$1,184,000 financed
$997,239 total interest
Principal54%$1,184,000
Interest46%$997,239
20% down · 25-yr amortization · 5.50% rate. Principal & interest only — taxes, condo fees, and insurance not included.
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Figures are Summitly estimates for illustration only — not from TRREB or the MLS® feed, and not a mortgage approval, appraisal, or financial advice.
Rental income potential
Est. monthly rent
low–high
Gross yield
rent × 12 ÷ price
Cap rate (est.)
net of tax + fees
Summitly AI estimate for discussion only — not from TRREB or the MLS® feed, and not an appraisal or investment advice. Yield and cap rate are derived from the estimated rent versus the asking price.
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Mortgage financing is arranged through Mortgage Squad Advisors. Summitly is the technology platform that powers this site. Estimated values, AI insights, calculator results, and rental projections shown on this page are generated by Summitly and are not provided by, reviewed by, or sourced from TRREB, the MLS®, or the listing brokerage; they are not appraisals or opinions of value. The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by the Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The Coldwell Banker® name and logo are trademarks of Coldwell Banker Real Estate LLC.
Similar homes for sale nearby in Richmond Hill
Other 3–4 bed homes for sale in Richmond Hill around $1.5M.
Average days on market34Homes sold in about 34 days on average.
Sale-to-list ratio98.8%On average, homes sold below asking.
Active listings1,223Homes for sale here right now.
Median vs prior 90 days+2.9%Compared with Apr 26 – Jul 25, 2026: prices up.
Based on 803 sales from Jul 25 – Oct 23, 2026 (591 in the prior 90 days). Aggregate MLS® figures for closed sales; individual sold prices are shown only to signed-in members.
74 Formosa Dr is listed at $1,480,000 (MLS® N13750534). Summitly updates the price as soon as the MLS® record changes.
Is $1,480,000 a good price for 74 Formosa Dr?
Summitly rates it Above Market: the asking price is 5% to 15% above Zara's estimate, an estimate built from recent sales in Richmond Hill. The rating is an automated opinion, not an appraisal; "What's it worth?" on this page shows how it is worked out. See Zara's estimate
Has the price of 74 Formosa Dr changed?
No — 74 Formosa Dr is still listed at its original asking price of $1,480,000.
How many bedrooms and bathrooms does 74 Formosa Dr have?
74 Formosa Dr has 4 bedrooms and 4 bathrooms, with about 2,000–2,500 square feet of living space. It is a detached home in Richmond Hill.
Is 74 Formosa Dr close to transit?
The nearest rapid-transit station is Richmond Hill GO Station (Richmond Hill GO), about 1.9 km (about a 23-minute walk) in a straight line. Distances are straight-line, not walking routes; check the transit agency for routes and schedules.
How much would the monthly mortgage be on 74 Formosa Dr?
About $7,271 a month — principal and interest on $1,480,000 with 20% down ($296,000), a 25-year amortization and an assumed 5.5% interest rate. The mortgage calculator on this page lets you change the down payment, amortization and rate.
How does 74 Formosa Dr compare with other homes in Richmond Hill?
Its asking price of $1,480,000 is about 31% above the median sold price in Richmond Hill over the last 90 days, $1,131,800, across 803 closed sales on the TRREB MLS®. A city median mixes every type and size of home, so the comparable sales on this page are the closer guide.
Has 74 Formosa Dr been sold before?
Summitly has no earlier MLS® sale or lease of 74 Formosa Dr on record from the last two years. Older records aren't shown under TRREB rules.
Where is 74 Formosa Dr?
74 Formosa Dr is in Richmond Hill, ON. Schools, transit, parks and shops nearby are under Location & lifestyle on this page.
How long has 74 Formosa Dr been on the market?
46 days — 74 Formosa Dr was listed on September 7, 2026.
What is the price per square foot of 74 Formosa Dr?
About $592 to $740 per square foot: the asking price of $1,480,000 over the 2,000–2,500 sq ft the listing gives as its size range.
Does 74 Formosa Dr have parking or a garage?
Yes — the listing gives 6 parking spaces. Garage: Yes.
