40 Thelma Avenue, Toronto, ON

$4,888,000
MLS#:C13713204
4 beds
6 baths
3000-3500 sqft
3.0 parking
Residential Freehold
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Added:Aug 26, 2026(3 days ago)
Updated:Aug 28, 2026(1 day ago)
Last Checked:11 minutes ago

Property Highlights

Welcome to this remarkable 3-Storey detached located in the coveted neighborhood of Forest Hill South. Expertly crafted featuring premium brick construction, this residence presents an exceptional opportunity offered at $4,888,000 to acquire a beautiful home in a highly sought-after setting. Designed for both comfortable daily living and elegant entertaining, the layout maximizes natural light, functional flow, and lifestyle utility.

  • 4 Bedrooms and 6 Bathrooms
  • Generous living space spanning 3000-3500 sqft on a premium 25 x 106.66 ft lot
  • Features a finished basement, adding superb versatility for recreation, a home gym, or extra storage
  • 3.0 total parking spaces available with a convenient attached configuration
  • Notable attributes: Bar Fridge, Central Vacuum, Built-In Oven
  • equipped with central air central cooling and highly efficient forced air heating via gas

Description

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.

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Property Summary

This detached home located at 40 Thelma Avenue, Toronto is currently for sale and has been available on SousaSells for 3 days. This property is listed at $4,888,000 with an estimated mortgage of $16,270* per month. It has 4 beds, 6 bathrooms, and is 3000-3500 square feet. 40 Thelma Avenue, Toronto is in the Forest Hill South neighborhood.

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* Estimated mortgage assumes a 30% down payment, 4.00% interest rate, and 30-year amortization.
Is this a Good Home for Families?

Yes! Featuring 4 bedrooms and 6 bathrooms, this home offers ample space and comfort for growing families in Forest Hill South, Toronto.

Highly Recommended for Families
What We Love About This Home
  • •4 spacious bedroom layout offering versatile living space
  • •6 well-appointed bathrooms
  • •3000-3500 sqft of generous functional square footage
Standout Features & Layout
Who Should Buy This Home?

Growing families needing multi-bedroom flexibility and space in Forest Hill South, Toronto.

Target Buyer Match

Key Features

Bedrooms
4
Bathrooms
6
Kitchens
1
Living Area
3000-3500 sqft
Property Type
Residential Freehold

Additional Details

StatusActive
AddedAug 26, 2026 (3 days ago)
UpdatedAug 28, 2026 (1 day ago)
Last Checked11 minutes ago
Transaction TypeFor Sale

Property Details

Property Sub-TypeDetached
Architectural Style3-Storey
ConstructionBrick
BasementFinished
Lot Size25 Ă— 106.66 Feet
CountyToronto
Annual Tax$20,609.97
Legal DescriptionLT 28 PL 758 FOREST HILL S/T & T/W CA210947; CITY OF TORONTO

Parking & Garage

Parking Total3.0
Parking Space2
Garage TypeAttached

Heating & Cooling

Heat SourceGas
Heat TypeForced Air
CoolingCentral Air

Features

Property Features

None listed

Interior Features

  • 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

Community Features

None listed

Frequently Asked Questions about 40 Thelma Avenue, Toronto, ON

Q.What is the asking price for 40 Thelma Avenue, Toronto, ON ?

The current listing price for 40 Thelma Avenue, Toronto, ON in Forest Hill South, Toronto is $4,888,000.

Q.How many bedrooms and bathrooms does this property have?

This property features 4 bedrooms and 6 bathrooms across approximately 3000-3500 sqft.

Q.What property type and architectural style is 40 Thelma Avenue, Toronto, ON ?

40 Thelma Avenue, Toronto, ON is a Detached (3-Storey) featuring a Finished basement.

Q.What interior features are included in this home?

Interior highlights include: Bar Fridge, Central Vacuum, Built-In Oven, Garburator, On Demand Water Heater, Sump Pump.

Q.What security features are installed at 40 Thelma Avenue, Toronto, ON ?

Security features include: Alarm System, Monitored, Carbon Monoxide Detectors, Security System, Smoke Detector.

Q.Is parking available at this property?

Yes, this property offers parking space for 3.0 vehicles (Attached).

Q.What heating and cooling systems are installed?

Heating is provided via Gas and cooling via Central Air.

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Location

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40 Thelma Avenue, Toronto, ON

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Neighborhood Safety Index

Neighborhood Safety & Crime Analytics

Forest Hill South, Toronto

SAFETY RATING9.0 / 10
Low Incident Area
Total Annual Incidents151 incidents / yr
Average Per Month12.6 incidents / mo
Population Benchmark12,216 residents
Personal Safety
Low

36 assaults (293.5/100k)

Property Security
Elevated

53 B&E (432.1/100k)

Auto Theft Risk
Elevated

28 thefts (228.3/100k)

1-Year Trend
â–Ľ 34.9%

Improving vs previous year

How Per-Capita Rate (Per 100,000 Residents) Is Calculated:

Formula: (Annual Occurrences / Population) Ă— 100,000. This standard policing calculation normalizes incident frequencies across different population sizes, allowing accurate safety comparisons between quiet residential pockets and dense urban centres.

Source: Toronto Police Service (TPS) ArcGIS Open Data
Halton & GTHA Police Network

Disclaimer: Crime and safety analytics are compiled from official municipal and regional police open data records for general consumer informational and demographic research purposes only. Data is deemed reliable but is not guaranteed and does not constitute a legal representation or guarantee of future safety.

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Property History

No historical data available for this property.

This could be the first listing for this address.

Pricing & Value Insights

Data-driven valuation for 40 Thelma Avenue, Toronto, ON M4V 1X9

Estimated Sales Range
$1.2M - $1.4M

Based on 0 recent similar sales in the pocket.

Market Speed
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Properties in this area are selling at a steady pace.

Market Trend
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Mortgage & Affordability Audit

Calculate your monthly payment, minimum downpayment, and land transfer taxes for this home in Toronto.

Configure Loan Settings

Interest Rate4.00%
Down Payment$1,466,400 (30.0%)
* Minimum Canadian down payment required for this price is $977,600.
Amortization Period30 Years
Estimated Monthly Payment$16,270Based on a loan of $3,421,600 over 30 years.
Purchase Price$4,888,000
Loan Amount$3,421,600
Provincial Land Transfer Tax:$108,675
Toronto Municipal Land Transfer Tax:$108,675
Total Estimated Closing Taxes:$217,350

About Purchasing a Home in Toronto, ON

For a property listed at $4,888,000 in Toronto, the legal minimum down payment is $977,600 under current Canadian banking regulations. This calculation applies a 5% requirement on the first $500,000, 10% on the next $499,999, and a flat 20% on any amount exceeding $1,000,000.

Additionally, buyers in Ontario must budget for the Provincial Land Transfer Tax, which is estimated at $108,675 for this transaction. Since the property is located in Toronto, a municipal land transfer tax of $108,675 also applies, bringing the total estimated land transfer taxes to $217,350.

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Forest Hill South, Toronto Neighborhood Guide

Comprehensive city-wide demographics, local real estate stats, and school rankings for Forest Hill South, Toronto.

Verified Local Data
City Population2,794,356
City Median Age39.2 Yrs
City Ownership48% Owners
Avg Area List Price$5,528,049

People & Families

Age Distribution

Household Composition

One-person households
32%
Families with children
36%
Couples without children
24%
Other households
8%

Top Ethnic Origins

Chinese11%
English9%
Canadian8%
East Indian8%

Best Schools in Forest Hill South, Toronto

Elementary Schools

Forest Hill
PublicToronto, Ontario, M5P 2W8
8.3
Holy Rosary
Public354 St. Clair Avenue West, Toronto, Ontario, M5P 2Y1
8.6
North Preparatory
Public1100 Spadina Road, Toronto, Ontario, M5N 2M6
6.3
Hillcrest
Public44 Hilton Avenue, Toronto, Ontario, M5R 3E6
7.8
Deer Park
Public23 Ferndale Avenue, Toronto, Ontario, M4T 2B4
6.9

Secondary Schools

Forest Hill
Public78 Dunloe Road, Toronto, Ontario, M5P 2T6
7.5
Marshall McLuhan
Public1107 Avenue Road, Toronto, Ontario, M5N 3B1
7.2
North Toronto
Public17 Broadway Avenue, Toronto, Ontario, M4P 1T7
8.4

Forest Hill South, Toronto Demographic Home information

Structural Home Types

Tenure (Ownership vs Rental)

Owner-Occupied48%
Rented52%

Need more details or a custom CMA?

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Notice: Market Insights are generated by analyzing real-time data and should be used for informational purposes only. Consult with a licensed professional for exact valuations.

Disclaimer: AI Insights are generated by an automated system and should be used for informational purposes only. While we strive for accuracy using current market data and deep-learning models, these assessments do not constitute professional real estate, legal, or financial advice. All property values, predictions, and scores are estimates. We strongly recommend verifying all property details and conducting independent due diligence with a licensed professional before making any purchase decisions.

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