Gurvinder Nokwal REALTOR®
For Sale Detached 53 days on market

$4,888,000

Est. payment $21,643/moCalculate yours

40 Thelma Avenue, Toronto, ON M4V 1X9

Forest Hill South, Toronto, ON M4V 1X9

  • 3 + 1 Beds
  • 6 Baths
  • 1 Garage
  • 3,000 Sq Ft
Map

Listing courtesy of HARVEY KALLES REAL ESTATE LTD. MLS® C13713204

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.

Property details

Overview

Property Type
Detached
Style
3-Storey
For
For Sale
Status
New
Size
3,000 sqft

Interior

Bedrooms
3 + 1
Bathrooms
6
Kitchens
1
Basement
Finished

Building & Systems

Heating
Forced Air (Gas)
Cooling
Central Air
Exterior
Brick
Foundation
Unknown
Roof
Unknown
Water
Municipal
Sewer
Sewer

Lot & Parking

Lot Size
25 x 106.66 Feet
Parking
Attached garage · 3 total

Financial

Property Taxes
$20,610 (2026)

Location

Neighbourhood
Forest Hill South
Cross Street
Spadina & St.Clair
Direction Faces
North

Listing

MLS® Number
C13713204
Days on Market
53
Listed On
2026-08-26
Possession
60-90 days
Listed By
HARVEY KALLES REAL ESTATE LTD.

Features

Interior

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

Pool

  • None
Included
All appliances, ELF's and window coverings

Mortgage calculator

Minimum for this price: $977,600 (20%)

Amortization, years

Estimated mortgage payment

$21,643 per month

Principal and interest
$21,643
Property tax
$1,717
Estimated monthly cost
$23,361

Your mortgage

Mortgage amount
$3,910,400
Mortgage insurance
Not needed
Interest over 25 years
$2,582,502

Cash to close

Down payment
$977,600
Land transfer tax (Ontario + Toronto)
$245,110
Total, before legal fees
$1,222,710
Talk to me about financing

Estimates only, not a mortgage offer or financial advice. Uses the Canadian fixed-rate convention (interest compounded twice a year), 2026 mortgage insurance premiums and Ontario land transfer tax. Your lender will confirm your actual rate and payment.

Location

40 Thelma Avenue, Toronto, ON M4V 1X9 Forest Hill South, Toronto, ON M4V 1X9
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Listing data is provided under license and deemed reliable but not guaranteed. MLS®, Multiple Listing Service® and associated logos are trademarks of The Canadian Real Estate Association (CREA).

$4,888,000 40 Thelma Avenue, Toronto, ON M4V 1X9
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