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For sale · Detached · 3-Storey

40 Thelma Avenue.

Forest Hill South, Toronto, ON M4V 1X9

On the market64 days
MLS® C13713204Courtesy of Harvey Kalles Real Estate Ltd.
Bedrooms3+1Plus 1 more
Bathrooms6
Lot25 x 106.66 ftFrontage by depth, as listed
Parking3Attached

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

Property taxes$20,610 / year
BasementFinished
Size3,000–3,500 sq ft
Possession60-90 days

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—
  • Property tax—

Down payment —. Estimate only, using Canadian semi-annual compounding; your lender's numbers will differ.

How this price compares

Members

27 similar detached houses sold in Forest Hill South in the last 12 months.

Sales activity nearby

Number of similar detached houses sold each quarter.

4 sold, Jan to Mar 20254Jan–Mar202511 sold, Apr to Jun 202511Apr–Jun20257 sold, Jul to Sep 20257Jul–Sep20255 sold, Oct to Dec 20255Oct–Dec20254 sold, Jan to Mar 20264Jan–Mar202610 sold, Apr to Jun 202610Apr–Jun20268 sold, Jul to Sep 20268Jul–Sep20260Oct–Dec2026 so far

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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.

The listing data is provided under copyright by the Toronto Regional Real Estate Board (TRREB). The information provided herein is deemed reliable but is not guaranteed accurate by TRREB or its members. It is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. Used under licence.

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