Listed for:Listed Aug 26, 2026
$4,888,000

40 Thelma Avenue

Toronto (Forest Hill South), ON M4V 1X9

Detached House For Sale
Kim Karimi
Kim Karimi

Real Estate Broker

416-838-3031
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Sale & Price History for 40 Thelma Avenue, Toronto, Forest Hill South

No listing history available

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About 40 Thelma Avenue, Toronto, Forest Hill South

Summarized Description

  • Custom-built home designed by Richard Wengle.
  • Smart home system for seamless control.
  • Temperature-controlled wine cabinet for collectors.
  • Luxurious primary suite with private office.
  • Spacious bedrooms each with ensuite bathrooms.
  • Located in prestigious Forest Hill Village.
  • Over 4,500 square feet of living space.
  • Exquisite custom cabinetry throughout the home.

Welcome to 40 Thelma Avenue, a masterfully designed four-level home in the heart of Forest Hill Village. Just steps from the neighbourhood's beloved shops, cafes, and restaurants, and moments from prestigious private schools including Upper Canada College and The Bishop Strachan School, this residence offers an exceptional blend of luxury, location, and lifestyle. Designed by renowned architect Richard Wengle and completed in 2023, this custom-built home spans over 4,500 square feet of beautifully curated living space. Exquisite custom cabinetry and millwork elevate every room, while a fully integrated smart home system provides seamless control of lighting, audio, TVs, window coverings, climate, and security. Generous ceiling heights and floor-to-ceiling windows on every level flood the home with natural light, while built-in surround sound enhances the living experience throughout. Outside, a heated driveway and heated rear patio provide year-round comfort and convenience, complemented by discreet security bollards for added peace of mind. The stunning kitchen is designed for both everyday living and entertaining, complemented by a temperature-controlled wine cabinet ideal for collectors. The second floor features two spacious bedrooms, each with an ensuite, plus a versatile den or play area with its own ensuite that can easily be converted into a fourth bedroom. A dedicated laundry room adds convenience. Occupying the entire top floor, the primary suite is a luxurious private sanctuary featuring a spacious bedroom with walkout balcony, oversized glass-enclosed shower, separate soaking tub, double vanity, custom makeup station, private office, and dedicated wellness space. With timeless architecture, exceptional finishes, intelligent design, and an unparalleled location, 40 Thelma Avenue is a rare opportunity to own an extraordinary home in one of Toronto's most prestigious and walkable neighbourhoods.

Key Facts & Features

Property Costs

Annual Property Tax Amount
$20,610
Land Transfer Tax Fee
$236,230

Basement Type
Finished

Interior Features

Laundry Level
Upper Level
Interior Extras
Bar Fridge, Central Vacuum, Built-In Oven, Garburator, On Demand Water Heater, Sump Pump
Security Features
Alarm System, Monitored, Carbon Monoxide Detectors, Security System, Smoke Detector
Fireplace/Stove
Yes
Elevator
No

Exterior Features

Pool
None

Building

Building Type
Detached
Building Style
3-Storey

Construction

Exterior Finish
Brick
Roof
Unknown
Foundation Details
Unknown
Special Designation
Unknown

Lot

Lot Front
25.00 ft
Lot Depth
106.66 ft

Inclusions

Inclusions
All appliances, ELF's and window coverings

Parking & Garages

Garage Type
Attached
Garage Spaces
1
Parking Spaces
2
Total Garage And Parking Spaces
3

Heating & Cooling

Heat Source
Gas
Heat Type
Forced Air
Air Conditioning
Central Air
Water
Municipal
Sewers
Sewer

Bedrooms
3 + 1
Washrooms
6
Kitchens
1
Family / bonus room
Yes

Room sizes

  • Den—
    Second level, Window, 4 Pc Ensuite, Hardwood Floor
  • Laundry—
    Second level, Hardwood Floor, B/I Shelves
  • Bedroom 2—
    Second level, 3 Pc Ensuite, Window Floor to Ceiling, Closet
  • Recreation—
    Basement level, Window, Hardwood Floor
  • Bedroom 4—
    Basement level, Hardwood Floor, Window
  • Kitchen—
    Main level, Hardwood Floor, B/I Bar, B/I Appliances
  • Dining Room—
    Main level, Hardwood Floor, Window Floor to Ceiling, B/I Bar
  • Family Room—
    Main level, Hardwood Floor, W/O To Patio, Fireplace
  • Office—
    Third level, Window Floor to Ceiling, Hardwood Floor
  • Bedroom 3—
    Second level, 3 Pc Ensuite, Window Floor to Ceiling, Walk-In Closet(s)
  • Primary Bedroom—
    Third level, Walk Through, Hardwood Floor, 6 Pc Ensuite

Washrooms

  • 4-piece, Basement
  • 2-piece, Main
  • 3-piece, Second
  • 4-piece
  • 6-piece, Third

Municipality
Toronto
Neighbourhood
Forest Hill South
Main cross streets
Spadina & St.Clair
Directions
Spadina & St.Clair

MLS® number
C13713204
Data source
Toronto Regional Real Estate Board
Listed on
2026-08-26
Updated on
2026-08-28
Days on market
56 days
Possession type
60-89 days
Co-op commission
2.5%
Seller
Listed by
HARVEY KALLES REAL ESTATE LTD.

Home Market Value

Current home valuation for 40 Thelma Avenue, Toronto, Forest Hill South, Toronto, ON. Listed for $4,888,000

HOMEH Estimate

?

$3,770,000

Estimated Sales Range

?

$2,262,000 - $5,278,000

HOMEH Estimate for 40 Thelma Avenue, Toronto, Forest Hill South

Calculated with a real agent's CMA method — 45+ years of experience, codified. Not an AI guess.

$3,770,000Low confidence
Based on 3 comparable properties
+ $1,118,000 (30%) above our estimate
See the full analysisFree Every recent nearby sale behind this number

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Mortgage Payment Calculator

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Toronto, ON
Minimum Down Payment Required:20.0%

20% required for homes $1.5M or more

Minimum down payment

$977,600

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$3,910,400$3,666,000$3,421,600$3,177,200
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$19,093monthly$17,899monthly$16,706monthly$15,513monthly
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Land Transfer Tax

Provincial

$108,675

Municipal (Toronto)

$127,555

Total Land Transfer Tax

$236,230

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