2007 Formula 45 Yacht

Significantly Reduced | Extensive Mechanical & Cosmetic Upgrades | 2023 Sea-Doo Included
Located in San José del Cabo, Mexico | Canadian Registered
Presented by Vancouver Yacht Group

Following a significant price adjustment, this extensively upgraded 2007 Formula 45 offers compelling value for a buyer seeking a well-equipped sport cruiser with substantial mechanical work and thoughtful improvements already completed.

The appeal goes well beyond the reduced asking price. Her upgrade history includes replacement engine long blocks, extensive IPS drive work, updated navigation and entertainment systems, refreshed exterior finishes and numerous improvements to the equipment used every day aboard. A comprehensive refit completed during the winter of 2023/24 brought together much of this investment, creating an ownership opportunity that deserves consideration beyond model year and asking price alone.

A 2023 Sea-Doo GTX 170 with sound system is included, while an assumable prepaid dry storage package provides an attractive option for buyers wishing to keep the yacht in the Cabo area. For those planning to return her to Canada or the Pacific Northwest, the seller is offering a transportation credit as part of the agreed purchase terms.

With a motivated seller and a considerably more attractive asking price, this Formula offers the opportunity to benefit from the work already undertaken rather than begin a comparable refurbishment yourself.

Substantial Investment in Engines, Propulsion & Systems

Some of this vessel’s most significant improvements are below the surface. Her mechanical upgrade history extends beyond routine servicing, with major engine and propulsion components replaced alongside supporting systems.

Work completed includes:

• Engine long blocks: Port and starboard engine long blocks replaced, including turbo cores and injectors.
• IPS propulsion: Replacement work on both IPS drives, including both lower assemblies supplied directly by Volvo.
• Engine cooling and exhaust: Replacement exhaust manifolds and rebuilt aftercoolers on both engines, together with oil and coolant flushes and renewed fluids.
• Electrical and routine service items: Replacement alternator and replacement engine and generator impellers.
• Generator and associated systems: Replacement sea suction valve, grey water outlet valve and water hoses, together with a rebuilt generator heat exchanger.
• Anchoring equipment: Windlass serviced, with a replacement battery and relays installed.

Additional systems work included flushing and updating the freshwater system, resealing both toilets, replacing sanitation lines and flushing the holding tank.

For a buyer comparing similarly aged yachts, the scope of this work is an important part of the value equation—not simply the equipment fitted, but the investment already made in the vessel’s underlying systems.

Refreshed Exterior & Comfortable Outdoor Living

The Formula’s cockpit and deck spaces have received a coordinated refresh, with Ultradeck flooring throughout the cockpit and swim platform, custom blue bow cushions with matching covers, and a matching blue Bimini over the aft cockpit seating.

A replacement cockpit refrigerator and a swim-platform-mounted barbecue support relaxed entertaining aboard, while updated cockpit shower fittings add convenience after swimming. Sea-Doo chocks and bow-rail-mounted fender baskets provide practical storage solutions.

Exterior work has also included paint repairs to the stern and roof to address sun blistering, together with renewed caulking around the windshield and other critical areas. Bottom paint and Propspeed coatings on the IPS drives and propellers were applied in December 2023.

A custom-fitted boat cover and custom hurricane panels form part of the vessel’s storage protection package.

Updated Helm, Navigation & Entertainment

The helm has been refreshed with a carbon-fibre dash panel and replacement steering wheel, complemented by upgrades to navigation, communication and onboard entertainment equipment.

Highlights include:

• Navigation and communication: Updated chartplotter and electronics, a replacement starboard Raymarine display, a spare rebuilt display carried aboard, FLIR night vision and an updated VHF radio.
• Entertainment and connectivity: Fusion stereo system with amplifier and subwoofers, upgraded televisions in all three interior spaces, and an installed Starlink satellite system.
• Onboard power and convenience: A 3,000-watt inverter with associated wiring and control panel, LED lighting throughout, and a rebuilt sunroof motor.

Suntex 80 window shades and replacement shower heads in both cabin showers further enhance comfort aboard. These improvements bring useful modern functionality to the ownership experience without losing the character of the original yacht.

A Cabo-Based Yacht with an Established Care Routine

Previously based in Vancouver, this Canadian-registered Formula was relocated to the Cabo area during the winter of 2023/24. She is currently located in San José del Cabo and kept in dry storage when not in use.

The owner’s care routine has included launching the yacht ahead of arrival and returning her to dry storage after each visit. Following use, the yacht is hauled, washed down, the engines are flushed with fresh water, shore power is connected and the vessel is covered until the next launch.

For a Canadian or U.S. buyer looking for a yacht already positioned for time in Mexico, this arrangement offers a practical foundation for seasonal ownership.

The seller is offering an assumable prepaid dry storage package at Marine Group in San José del Cabo. An option for a marina slip in Cabo San Lucas is also available for discussion. The remaining prepaid storage term, transfer arrangements and marina-slip availability are to be confirmed as part of the purchase.

Included Sea-Doo & Flexible Purchase Options

A lightly used 2023 Sea-Doo GTX 170 with sound system is included in the sale, adding another dimension to days aboard. The yacht is equipped with dedicated chocks for its storage.

For buyers planning to relocate the Formula to Canada or the Pacific Northwest, the seller is offering a transportation credit, with the amount and conditions to be agreed within the purchase terms.

Financing is available for qualified Canadian and U.S. buyers, subject to lender approval. There is also an option to acquire the single-asset company holding the vessel, subject to appropriate legal and accounting review.

A Strong Value Proposition at the Revised Asking Price

This Formula’s appeal lies in the combination: substantial engine and propulsion work, upgraded electronics, refreshed living spaces, an included Sea-Doo and practical options for either Cabo-based ownership or relocation north.

For buyers seeking a sport cruiser with significant improvements already completed, the revised asking price makes this a particularly worthwhile opportunity to inspect.

Centrally listed with Vancouver Yacht Group.
Contact us to discuss the vessel, purchase options and storage arrangements, or to arrange a private viewing.