2002 Formula 37 PC for Sale in Mimico, Ontario | United City Yachts

2002 Formula 37 PC

2002 Formula 37 PC

BOAT IS LAUNCHED & READY FOR SHOWINGS!

$ 119,900 CAD
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LOCATION: Mimico Ontario

PLEASE CONTACT DARREN HUCK - TORONTO - 1-833-829-2248 EXTENSION 2011

Formula Boats has been hand building premium American sport boats and performance cruisers in Decatur, Indiana since 1956. Still family owned and operated by the Porter family, Formula has earned a reputation for meticulous craftsmanship, signature deep gel coat finishes, and an uncompromising approach to componentry and fit. Owners stay loyal to the brand because Formulas are engineered to a higher standard than most production builders, and that craftsmanship is exactly why they hold their value so strongly on the brokerage market.

The 37 PC is Formula's flagship Performance Cruiser, purpose built to deliver true sport boat handling with the full mid cabin accommodation needed for real weekending and extended cruising. The 2002 model year brought the 37 PC into one of its most desirable configurations with twin MerCruiser 496 MAG HO V8 gas engines paired to Bravo Three dual prop outdrives, producing 375 HP per side for effortless cruising speeds and plenty of reserve power. The layout sleeps multiple across a forward island berth, a convertible dinette, and a private mid cabin, and is finished throughout in rich cherry wood with full Corian countertops, a fully equipped galley, and a private head with separate shower stall. Topside you get dual helm bucket seats, a generous U shaped cockpit lounge, integrated wetbar with sink, dual cockpit tables, and dual bow sunpads, all protected by a full enclosure.

FRESHWATER ONLY - TWIN MERCRUISER 496 MAG V8 GAS - 750HP COMBINED - BRAVO THREE DUAL PROP OUTDRIVES - KOHLER 7.3 KW GENERATOR - BOW THRUSTER - 2026 FRESH CLEAN AND BUFF - FULL COCKPIT ENCLOSURE - EXTENDED MID CABIN LAYOUT - SLEEPS 6 - 18,000 BTU AIR CONDITIONING - 2021 SURVEY ON FILE - ALL MANUALS AND SERVICE RECORDS INCLUDED - RAYMARINE NAV PACKAGE - ELECTRIC WINDLASS - CHERRY WOOD INTERIOR - CORIAN COUNTERS +++

This particular 37 PC has enjoyed a true freshwater only life on the Great Lakes and has been beautifully cared for by her current owner. She received a fresh hull clean and buff in spring 2026 and presents exceptionally well for a 2002, with gel coat that still shines. A full professional survey was completed in 2021 and is on file for any serious buyer to review. She comes turn key with all original owner's manuals, the OEM binder, and recent service and maintenance bills organized and ready to transfer. With only 900 hours on the twin MerCruisers, both engines still have plenty of cruising life ahead of them, and the Kohler 7.3 KW generator has logged just 295 hours. She is slipped in Mimico and available for showings on short notice. This is a rare opportunity to step into a meticulously maintained Formula 37 PC without the deferred maintenance that typically comes with a boat of this vintage.

CALL NOW TO ARRANGE YOUR PRIVATE SHOWING OR BOOK A PERSONAL VIDEO WALKTHROUGH

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Type: Powerboat
Year: 2002
Make: Formula
Model: 37 PC
Length: 37'
Status: For Sale
Price: $119,900 CAD
Location: Mimico Ontario
Date Posted: 2025-07-26

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Manufacturer Provided Description

PLEASE CONTACT DARREN HUCK - TORONTO - 1-833-829-2248 EXTENSION 2011

Formula Boats has been hand building premium American sport boats and performance cruisers in Decatur, Indiana since 1956. Still family owned and operated by the Porter family, Formula has earned a reputation for meticulous craftsmanship, signature deep gel coat finishes, and an uncompromising approach to componentry and fit. Owners stay loyal to the brand because Formulas are engineered to a higher standard than most production builders, and that craftsmanship is exactly why they hold their value so strongly on the brokerage market.

The 37 PC is Formula's flagship Performance Cruiser, purpose built to deliver true sport boat handling with the full mid cabin accommodation needed for real weekending and extended cruising. The 2002 model year brought the 37 PC into one of its most desirable configurations with twin MerCruiser 496 MAG HO V8 gas engines paired to Bravo Three dual prop outdrives, producing 375 HP per side for effortless cruising speeds and plenty of reserve power. The layout sleeps multiple across a forward island berth, a convertible dinette, and a private mid cabin, and is finished throughout in rich cherry wood with full Corian countertops, a fully equipped galley, and a private head with separate shower stall. Topside you get dual helm bucket seats, a generous U shaped cockpit lounge, integrated wetbar with sink, dual cockpit tables, and dual bow sunpads, all protected by a full enclosure.

FRESHWATER ONLY - TWIN MERCRUISER 496 MAG V8 GAS - 750HP COMBINED - BRAVO THREE DUAL PROP OUTDRIVES - KOHLER 7.3 KW GENERATOR - BOW THRUSTER - 2026 FRESH CLEAN AND BUFF - FULL COCKPIT ENCLOSURE - EXTENDED MID CABIN LAYOUT - SLEEPS 6 - 18,000 BTU AIR CONDITIONING - 2021 SURVEY ON FILE - ALL MANUALS AND SERVICE RECORDS INCLUDED - RAYMARINE NAV PACKAGE - ELECTRIC WINDLASS - CHERRY WOOD INTERIOR - CORIAN COUNTERS +++

This particular 37 PC has enjoyed a true freshwater only life on the Great Lakes and has been beautifully cared for by her current owner. She received a fresh hull clean and buff in spring 2026 and presents exceptionally well for a 2002, with gel coat that still shines. A full professional survey was completed in 2021 and is on file for any serious buyer to review. She comes turn key with all original owner's manuals, the OEM binder, and recent service and maintenance bills organized and ready to transfer. With only 900 hours on the twin MerCruisers, both engines still have plenty of cruising life ahead of them, and the Kohler 7.3 KW generator has logged just 295 hours. She is slipped in Mimico and available for showings on short notice. This is a rare opportunity to step into a meticulously maintained Formula 37 PC without the deferred maintenance that typically comes with a boat of this vintage.

CALL NOW TO ARRANGE YOUR PRIVATE SHOWING OR BOOK A PERSONAL VIDEO WALKTHROUGH

Dimensions

LOA: 38' 5"

Beam: 11' 11"

Minimum Draft: 2' 5"

Dry Weight: 17,500 lbs



Tankage (GALLONS)

Fuel: 212g

Fresh Water: 57g

Holding: 55g



Engine(s)

Make: MerCruiser

Model: 496 MAG V8

Engine Type: Gas V8

Drive: Bravo Three stern drive with stainless steel dual props

Fuel: Gas

Hours: 900

HP: 375hp per engine (750hp combined)



Generator

Make: Kohler

Model: 7.3 E KW: 7.3

Hours: 295



Accommodations

Cabins: 2 (forward stateroom plus private mid cabin)

Berths: 6

Head(s): 1 (enclosed head with separate shower stall)



Electronics/Mechanical

Raymarine Pathfinder RC70C radar, GPS and plotter

Raymarine RC320 chartplotter

Raymarine depth sounder

Raymarine compass

Horizon Intrepid VHF radio

Electronic shift and throttle controls

Electric windlass with bow and helm controls

Searchlight Mast light

Electric air horn

Premium audio system with amplification and subwoofer

Battery charger and shore power system

Fresh water pressure system with 120V water heater

Bravo Three dual prop outdrives with stainless steel props



Exterior Equipment

Full cockpit enclosure (canvas and clears)

Fresh 2026 hull clean and buff

Dual helm bucket seating

Wetbar with integrated stainless sink

Bow platform

Dual bow sunpads

Swim ladder

Anchor washdown system

Nonskid foredeck

U shaped cockpit lounge seating

Dual cockpit tables

Bow thruster

Electric windlass

Transom shower

Cockpit cover



Interior Equipment

Cherry wood interior finishings throughout

Full Corian countertops

Forward island stateroom

Private cedar lined mid cabin

Curved ultraleather sofa

Dining table with storage

18,000 BTU reverse cycle air conditioning and heat

Fully equipped galley with 2 burner electric stove

Stainless steel appliances

Stainless microwave

120V water heater

Refrigerator and freezer

In floor storage compartments

Enclosed head with separate shower stall

Opening ports and overhead hatches for ventilation

Full headliner and carpeted soles



PLEASE CONTACT DARREN HUCK - TORONTO - 1-833-829-2248 EXTENSION 2011 Disclaimer: The Company offers the details of this vessel in good faith but cannot guarantee or warrant the accuracy of this information nor warrant the condition of the vessel. A buyer should instruct their agents, or their surveyors, to investigate such details as the buyer desires validated. This vessel is offered subject to prior sale, price change, or withdrawal without notice.

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About the Company

Yacht Network is a top yacht brokerage firm with connections across the United States, Canada, and overseas. Our far reach ensures that our yacht listings have maximum exposure and buyers can select from a large selection of brokerage boats for sale. As a leading yacht brokerage in the United states and Canada, we live and breathe boats. Our year round yacht brokerage operation uses multi-channel marketing to ensure that Sellers have the exposure to be seen and boat buyers have the selection available to get the best value in quality low hour yachts. Yacht Network delivers an exceptional level of service to both Sellers and Buyers. Trust us to handle every aspect of your boat’s purchase or sale from start to finish, and for follow-up after sale service. We value your business and would appreciate the opportunity to work with you throughout the brokerage process..

We started with an office conveniently located at the Toronto Outer Harbour Marina in downtown Toronto, only minutes from the bottom of the Don Valley Parkway and Lake Shore Road E. Subsequently we opened an office in Kingston and broker coverage on Georgian Bay and in 2016 we began serving the Vancouver area. Most recently we entered the Montreal, Vancouver Island, Kelowna, Lake Simcoe, Southwestern Ontario and Ottawa yacht market. We have really focused on establishing the best geographic catchment for both yacht sellers and buyers. We know the boat markets across Canada and most importantly we have the connections for buying and selling yachts not just from one location but from many locations. Our yacht brokerage often moves sold boats across the country and also to all points US and Caribbean connecting happy clients with the boat of their dreams. While most brokers focus on listed inventory in their own backyards, we focus on making yacht purchase connections with buyers and sellers across the country and beyond offering our purchasing clients more selection and listings not limited to one geographic area. For sellers it means bringing you more prospects, not just from one city but from across the country. As United City Yachts continues to expand and grow, we invite you to work with us and see the difference we can make to your yacht purchase or sale using our multi-channel approach to marketing yachts. A few years back we started an International Large Yacht Division and in 2016 we began serving the Vancouver area. Most recently we entered the Montreal yacht market. We have really focused on establishing the best geographic catchment for both yacht sellers and buyers. We know the boat markets across Canada and most importantly we have the connections for buying and selling yachts not just from one location but from many locations. Our yacht brokerage often moves sold boats across the country and also to all points US and Caribbean connecting happy clients with the boat of their dreams. While most brokers focus on listed inventory in their own backyards, we focus on making yacht purchase connections with buyers and sellers across the country and beyond offering our purchasing clients more selection and listings not limited to one geographic area. For sellers it means bringing you more prospects, not just from one city but from across the country. As United City Yachts continues to expand and grow, we invite you to work with us and see the difference we can make to your yacht purchase or sale using our multi-channel approach to marketing yachts. Read More+
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