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For saleMLS® C13713204

40 Thelma Avenue, Toronto, ON M4V 1X9

Forest Hill South · C03 · M4V 1X9

$4,888,000

$1,629 / sq ft

2 months on market

Bedrooms
3+1
Bathrooms
6
Interior
3,000 sf
Parking
3
Lot
25 × 106.66 ft

What's special

  • Attached garage
  • Central air
  • Finished basement
  • Fireplace
  • Bar fridge
  • Central vacuum
  • Built-in oven
  • Garburator

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About this property

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.

Rooms

11 rooms. Dimensions as published by the listing brokerage.

Room dimensions and features
RoomLevelDimensionsFeatures
Dining RoomMain—Hardwood Floor · Window Floor to Ceiling · B/I Bar
KitchenMain—Hardwood Floor · B/I Bar · B/I Appliances
Family RoomMain—Hardwood Floor · W/O To Patio · Fireplace
Bedroom 2Second—3 Pc Ensuite · Window Floor to Ceiling · Closet
Bedroom 3Second—3 Pc Ensuite · Window Floor to Ceiling · Walk-In Closet(s)
DenSecond—Window · 4 Pc Ensuite · Hardwood Floor
LaundrySecond—Hardwood Floor · B/I Shelves
Primary BedroomThird—Walk Through · Hardwood Floor · 6 Pc Ensuite
OfficeThird—Window Floor to Ceiling · Hardwood Floor
Bedroom 4Basement—Hardwood Floor · Window
RecreationBasement—Window · Hardwood Floor

Features

  • Bar Fridge
  • Central Vacuum
  • Built-In Oven
  • Garburator
  • On Demand Water Heater
  • Sump Pump

Property details

Property

Property type
detached
Bedrooms
3 + 1
Bathrooms
6
Interior size
3,000 sq ft
Lot size
25 × 106.66 ft
Possession
60-90 days

Interior

Basement
Finished
Heating
Forced Air · Gas
Cooling
Central Air
Fireplaces
1
Exposure
North

Exterior & services

Construction
Brick
Garage
Attached
Parking spaces
3
Sewer
Sewer

Costs

List price
$4,888,000
Property taxes
$20,610 / year (2026)
Price per sq ft
$1,629

Listing

MLS® number
C13713204
Status
For sale
Listed
August 26, 2026
Days on market
71
Last updated
August 28, 2026
Listing brokerage
HARVEY KALLES REAL ESTATE LTD.

Price & sale history

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Before you make an offer

What this home costs beyond the asking price, and how that price compares to what else is on the market.

How this price compares

This home is priced in line with comparable listings — about 32% of comparable detached listings in Forest Hill South are asking less.

$3.12MMedian $5.82M$14.60M
This home
$1,629 / sq ft
Comparable median
$1,782 / sq ft

Based on 44 comparable active detached listings in Forest Hill South. These are asking prices, not sale prices.

Mortgage estimate

Down payment20.0% · minimum $977,600
$977,600
Interest rate5-year fixed, illustrative only
4.49%
Amortization
Principal & interest
$21,621.27
Property tax (est.)
$1,717.50
Estimated monthly
$23,339

Estimate only. Excludes CMHC insurance premiums, which apply below 20% down, and does not constitute a mortgage approval or an offer of credit.

Land transfer tax

Payable on closing, on top of the purchase price.

Ontario
$108,675
Toronto municipal
$136,435
Total due on closing
$245,110

An estimate on the asking price of $4,888,000. Rates current as of September 2026; confirm the final figure with your real estate lawyer.

Listing courtesy of HARVEY KALLES REAL ESTATE LTD.. Listing data is provided in part by the Toronto Regional Real Estate Board (TRREB) and is deemed reliable but is not guaranteed accurate. Information is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties. Data is updated every 15 minutes.

$4,888,000

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What similar homes in this area actually sold for.

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42

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12 Millbank Avenue, Toronto, ON M5P 1S3

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6 ba
3,000 sf
4
1 weeks on marketMLS® C14124326

Listing courtesy of ROYAL LEPAGE REAL ESTATE SERVICES HEAPS ESTRIN TEAM