For sale · Detached · 3-Storey
40 Thelma Avenue.
Forest Hill South, Toronto, ON M4V 1X9
Buyer's market
House market in Forest Hill South. New listings are outpacing sales, so buyers have more choice and room to negotiate. Homes here sell in about 29 days. Market data
Sales-to-new-listings ratio, last 3 months: 24%
Months of supply: 10.4
What it means
- Buyer's market in Forest Hill South: houses take about 29 days to sell.
- About 10.4 months of houses for sale in Forest Hill South at the current pace of sales.
At a glance
About this 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.
Home details
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The homeproperty type, style, size, heating
- Property type
- Detached
- Style
- 3-Storey
- Size
- 3,000–3,500 sq ft
- Heating
- Forced Air
- Cooling
- Central Air
- Basement
- Finished
- Lot size
- 25 × 106.66 feet
- Possession
- 60-90 days
Parking and storageparking, garage
- Parking
- 3
- Garage
- Attached
Fees and taxesproperty taxes, price per sq ft
- Property taxes
- $20,610 (2026)
- Price per sq ft
- $1,504
What is includedAppliances and fixtures
All appliances, ELF's and window coverings
What it could cost each month
— a month, estimated
With 20% down. Includes property tax. Estimate only.
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- Mortgage—
- Mortgage insurance (added to loan)—
- Property tax—
Down payment —. Estimate only, using Canadian semi-annual compounding; your lender's numbers will differ.
How this price compares
Members27 similar detached houses sold in Forest Hill South in the last 12 months.
Sales activity nearby
Number of similar detached houses sold each quarter.
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Sale and listing history
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The area
The neighbourhood
Forest Hill South
Architect-designed homes, leafy streets and some of the city’s best-known schools.
Listing brokerage · MLS® C13713204Harvey Kalles Real Estate Ltd.Data last updated Aug 28, 2026 5:02 pm.
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