For Sale

2001 Formula 27 Performance Cruiser

2001 Formula 27 Performance  Cruiser Express Cruiser for sale
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Introduction

About the 2001 Formula 27 Performance Cruiser

Lots of great maintenance on the engines and legs in the last two years makes this performance cruiser a very good value for the money.

Formula is widely recognized for superior fit and finish compared to mass-market cruisers. The hull features a fiberglass structural grid that is chemically bonded, resulting in a solid, quiet ride without the “hollow” sound typical of lesser builds.

The 27 PC is built on a deep-V hull with an 18-degree deadrise. This design allows it to slice through chop and offshore waves effectively.  It offers a “sportier” feel with a tighter turning radius and better responsiveness, making it a “performance” cruiser in more than just name.

The 2001 model offers high-end interior amenities like Corian countertops and Ultraleather upholstery. Its deck layout is also notable for the walk-through windshield, which provides safe and easy access to the bow for docking or sunbathing.

The engines and legs have been very well cared for, as is evident by the very clean engine room. April 2026 compression test shows even compression on both engines. Inner and outer transom assemblies have been replaced, new shift cables (a brutal job), and a host of other costly maintenance have been completed by the current owner, to ensure reliability for the next owner.

Features

Mechanical

Over the last two years, the mechanical systems have been fully gone through. The engines were removed, inspected, and replaced. Transome assemblies replaced, legs were either rebuilt or new parts purchased, shift cables replaced and a host of smaller work.

Engine: Mercury Mercruiser GM V6 262 cid (4.3L). 220 HP. engines. Roughly 1000 hrs on each.

Drive Train: Mercury Mercruiser Alpha 1 leg. Condition noted in survey: “As New.” One leg rebuilt, the other SGI lower leg unit.

New exhaust gaskets and refurbished risers

New thermostats

Heat exchangers are fully serviced

Oil and filter changed.

Leg gear oil under 20 hrs

New alternator on port side

Propeller: Mercury Mirage 3-bladed stainless steel (48-13703 21P / 48-13702 21P). As New condition.

Trim: Bennett hydraulic/electric trim tabs with indicator gauges at the helm. Refurbished trim pumps and new solenoids

Fuel System: Gasoline. 106-gallon (412L) aluminum tank located centerline ahead of engine. A-1 rated fuel lines with shut-off valves.

Bilge Pumps: Rule 500 GPH (shower sump in hairbox) + Rule 2000 GPH with float switch and high-water switch (midship and engine bilge).

Accomodation

Layout: This is an Express Cruiser layout designed for weekend getaways. The cockpit is self-draining, and a gate through the transom allows access to the FRP swim grid with a hinged/telescoping ladder.

Cockpit: The upper helm area is protected by a marine canvas enclosure and a robust FRP archway. The lower, self-draining cockpit features articulating jump seats from the transom wall. There is a wetbar seamlessly integrated for serving refreshments—because cocktails at sunset are mandatory, not optional .

Salon & Galley: Stepping inside reveals a surprisingly roomy main salon with seating, a small galley counter with a sink, and an enclosed head. Carpet liners show some wear, but upholstery and furnishings are in good condition with no damages.

Sleeping Areas: The interior features a dedicated sleeping area located aft, underneath the helm station cockpit (accessed from the port side). Additionally, the convertible lounge seating provides extra sleeping capacity.

Helm (Pilothouse): The helm is protected by a marine glass windshield. Single station wheel with mechanical steering, Bennett trim tabs with remote at helm, and full analog engine gauges (MPH, Fuel, Volts, Dual Tachs, Hours, Oil Pressure, Temp).

Domestic Equipment

Cooking: No built-in oven? No problem. The vessel includes a portable cook top. Cook your catch of the day without heating up the whole cabin.

Heating & Hot Water: Equipped with a Seaward 6-gallon stainless steel hot water tank (S-700) running on 110VAC or engine coolant loop. Plus, an AC portable heater is included for those chilly spring mornings in the Pacific Northwest.

Cooling: Norcold DE-451 refrigerator (AC/DC).

Toilet & Head: The enclosed head features a shower area, sink, and marine toilet. Holding tank capacity is 28 gallons—enough for a long weekend without hunting for a pump-out station.

Water System: 28-gallon fresh water tank with a Shur Flo 12 VDC fresh water pump.

Electrical

Ships Power: 12 VDC with an independent factory-supplied DC panel (analog gauge and CO detector breaker lockout).

Batteries: Less than 2 yrs old

  • House Bank: (2) Rolls 6V FJ Series (wired for 12V)

  • Start Bank: (2) 27 Series 12 VDC

  • Selector: Keyed On/Off and Combiner selectors

Charging & Inverter:

  • Inverter: Xantrex Pro XM 1800

  • Shore Power Charger: C-Charge 5000, 1250 SE, 50-amp charger

  • Shore Power: 125 VAC / 30-amp with two Marinc 50-ft shore power cables

Protection: All AC outlets aboard are GFI protected. The AC panel includes On/Reverse polarity indicators. A galvanic protection circuit has been wired between thru-hulls and metallic elements.

Navigation

Compass: Ritchie Magnetic (White).

Chartplotter: None

VHF Radio: Standard Horizon Vertex.

Spotlight: On bow with remote control at the helm.

Lighting: UCINNOVATE underwater lighting plus full navigation lights (Port/Starboard, 360° white on retractable mast)

Windshield Wipers: Yes.

Horn: Yes.

Ground Tackle

Anchor: Danforth style. Reliable, sets quickly, holds like it means it.

Chain & Rode: 1/4” chain paired with approximately 150 ft of 3/8” nylon.

Windlass: Lewmar Concept 12 VDC with chain/line gypsy and independent up/down switches on the bow (fused).

Bow Roller: Stainless Steel.

Specifications

Year
2001
Make
Formula
Model
27 Performance Cruiser
Length
27 feet
Price
$ 44,000 CAD
Location
Nanaimo BC
Type
Power
Class
Express Cruiser
Fuel Type
Gas
Hull Material
Fibreglass
Hull Shape
Modified Vee

Dimensions & Other Specs

Dimensions

Overall Length
29ft 5in
Max. Draft
3ft in
Beam
9ft 6in

Weights

Displacement
9700 lbs

Miscellaneous

Windlass
Electric
Electrical Circuit
12V

Tanks

Fresh Water Tank
28 gal
Fuel Tank
106 gal
Holding Tank
28 gal

Accommodations

Double Berths
2
Cabins
1
Heads
1

Propulsion

  • Engine 1 of 2

    Engine Make
    Mercruiser
    Engine Model
    4.3 Litre
    Engine Year
    2001
    Total Power
    220 hp
    Engine Hours
    975 hrs
    Engine Type
    Inboard
    Drive Type
    Stern Drive
    Fuel Type
    Gas
    Propeller Type
    3-Blade
    Propeller Material
    Stainless Steel
  • Engine 2 of 2

    Engine Make
    Mercruiser
    Engine Model
    4.3 Liter
    Engine Year
    2001
    Total Power
    220 hp
    Engine Hours
    1015 hrs
    Engine Type
    Inboard
    Drive Type
    Stern Drive
    Fuel Type
    Gas
    Propeller Type
    3-Blade
    Propeller Material
    Stainless Steel
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Disclaimer: Kelly Yacht Sales offers the details of this 2001 Formula 27 Performance Cruiser 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 his agents, or his 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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