40 Thelma Avenue, Toronto, ON M4V 1X9
Forest Hill South, Toronto · Near Spadina & St.Clair · View map
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.
The home
- Type
- 3-storey detached home
- Style
- 3-Storey
- Square footage
- 3000-3500 sq ft
- Bedrooms
- 3
- Basement bedrooms
- 1
- Bathrooms
- 6
- Kitchens
- 1
- Rooms
- 9
- Basement
- Finished
- Lot size
- 25 x 106.7 ft
- Faces
- North
Ownership & fees
- Ownership
- Freehold
- Monthly condo fee
- None
- Security
- Alarm System, Monitored, Carbon Monoxide Detectors, Security System, Smoke Detector
- Exterior
- Brick
Heating & cooling
- Heating fuel
- Gas
- Heating type
- Forced Air
- Air conditioning
- Central Air
- Fireplace
- Yes
- Central vacuum
- Yes
Garage & parking
- Garage
- Attached
- Garage spaces
- 1
- Driveway spaces
- 2
- Total parking
- 3
- Parking features
- Private
Taxes & other
- Property taxes
- $20,610/yr
- Tax year
- 2026
- Occupancy
- Owner
- Possession
- 60-90 days
- Cross street
- Spadina & St.Clair
- Neighbourhood
- Forest Hill South
More
- Price per sq ft
- ~$1,504 (at 3,250 sq ft)
- MLS® number
- C13713204
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The home and its surroundings
- Bar Fridge
- Central Vacuum
- Built-In Oven
- Garburator
- On Demand Water Heater
- Sump Pump
- Mortgage
- Property tax
- Maintenance fee
Cash needed to close
Estimates only, using Canadian semi-annual compounding, Ontario land transfer tax and Toronto municipal land transfer tax. Mortgage default insurance is added when you put down less than 20%. Your lender and lawyer will confirm exact numbers.
40 Thelma Avenue, Toronto, ON M4V 1X9
Forest Hill South, Toronto · Near Spadina & St.Clair
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Listing history for 40 Thelma Avenue
See what this home and others at the same address were listed for, what they sold for, and how long it took.
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Frequently asked questions about 40 Thelma Avenue
Answers come straight from this home’s MLS® listing.
How much is 40 Thelma Avenue listed for, and what would it cost each month?
40 Thelma Avenue is listed for $4,888,000. With 20% down ($977,600), the mortgage payment would be roughly $19,717 a month at 4.5% over 30 years. Add property tax and the estimate comes to about $21,434 a month, all in. That figure is an illustration, not a quote.
Is 40 Thelma Avenue freehold or a condo, and is there a monthly fee?
40 Thelma Avenue is a 3-storey detached home in Forest Hill South, Toronto. Ownership is freehold: you own the home and the lot. There is no monthly condo fee, so the roof, windows, driveway, snow and lawn are yours to look after.
How many bedrooms and bathrooms does 40 Thelma Avenue have?
40 Thelma Avenue has 3 bedrooms, plus 1 more bedroom in the basement, and 6 bathrooms.
Does 40 Thelma Avenue have a garage and parking?
Yes. The listing shows the garage as attached, with room for 1 car. The driveway adds 2 spaces. In total the listing counts 3 parking spaces.
Does 40 Thelma Avenue have a finished basement?
The listing describes the basement as finished. It counts 1 bedroom on that level. Finished basement space is usually not counted in the square footage shown.
What style of home is 40 Thelma Avenue?
40 Thelma Avenue is a 3-storey detached home. A 3-storey detached house spreads its rooms over three floors, often on a narrower city lot.
How big is 40 Thelma Avenue, and what is the lot size?
The listing puts the home between 3,000 and 3,500 sq ft. The board reports a range rather than an exact figure, and it usually leaves out the basement. The lot is listed as 25 x 106.7 ft.
How is 40 Thelma Avenue heated and cooled?
Heating is forced air (gas). Cooling is central air.
What are the property taxes for 40 Thelma Avenue?
Property taxes are $20,610 a year (2026), or about $1,717 a month.
Where is 40 Thelma Avenue?
40 Thelma Avenue is in the Forest Hill South community of Toronto. The nearest main intersection is Spadina & St.Clair. The postal code is M4V 1X9.
Is 40 Thelma Avenue still for sale?
Yes. It is an active listing (MLS® C13713204). Listings here update from the board through the day and come down once a home sells.
What are similar detached homes near 40 Thelma Avenue asking?
Similar detached homes for sale nearby right now include 36 Millbank Avenue at $5,849,000 (4+1 bed), 9 Ormsby Crescent at $4,995,000 (5 bed) and 103 Vesta Drive at $4,995,000 (5+1 bed). These are asking prices, not sold prices. The Sold history tab shows what homes at this address went for.
What have homes at 40 Thelma Avenue sold for?
Recent sales, leases and expired listings for this home and others at the same address are in the Sold history tab, with the price and date of each. It is free for members.
How do I book a showing at 40 Thelma Avenue?
Pick a day and time with Book a Tour on this page. Tours are free, with no obligation, in person or by video. You can also call or text 647-931-3923.
Have a different question? Ask about this home and get an answer, usually within the hour.
Similar detached homes nearby
More detached homes for sale near Forest Hill South, picked by style, size and price.
3-storey detached home$5,849,00036 Millbank Avenue, Toronto4+1 bed · 5 bath · Forest Hill SouthCourtesy of: HARVEY KALLES REAL ESTATE LTD.View home →
3-storey detached home$4,995,0009 Ormsby Crescent, Toronto5 bed · 5 bath · Forest Hill SouthCourtesy of: FOREST HILL REAL ESTATE INC.View home →
3-storey detached home$4,995,000103 Vesta Drive, Toronto5+1 bed · 5 bath · Forest Hill SouthCourtesy of: HARVEY KALLES REAL ESTATE LTD.View home →Courtesy of: HARVEY KALLES REAL ESTATE LTD.
Listing information comes from the Toronto Regional Real Estate Board through PropTx and is deemed reliable but is not guaranteed accurate. It is provided for consumers' personal, non-commercial use. 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.
*Estimated monthly cost assumes 20% down, a 4.5% rate and a 30-year amortization, plus property tax. For illustration only.