43.6901° N · 79.4110° W — Forest Hill South, Toronto — MLS® #C13713204
40 Thelma Ave
$4,888,000
Forest Hill South, Toronto, Ontario M4V 1X9
- 3+1
- BedroomsBeds
- 6
- BathroomsBaths
- 3000-3500 sqft3000-3500
- SizeSq ft
- 25 x 106.66 ft
- Lot sizeLot
Inquire about this listing
In short · from the listing record
40 Thelma Ave is a 3+1-bedroom, 6-bathroom detached house in Forest Hill South, Toronto, listed for sale at an asking price of $4,888,000 (MLS® C13713204).
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.
Listing readings
How it measures up
Scores from the listing record and the market around it.
68Good
Condition score
6 condition-related facts documented
Listing age, structured features and disclosed update language; not an inspection.
5Shortfall
Cash flow quality
−$14,517/mo against the cost of owning (20% down, 4.8%, 25 yrs)
Median of 5 homes with 4 bedrooms for lease in Forest Hill South right now. Cost of owning counts the mortgage and property tax.
Condition uses listing-record signals, not an inspection.
The data table
Every fact
Everything the board publishes for this home.
- Tax
- $20,610 / 2026
- MLS® number
- C13713204
- Board
- TRREB MLS®
- Property Type
- Detached
- Time on market
- Size
- 3000-3500 sqft
- Lot Size
- 25 x 106.66 ft
- Listed on
- Parking
- 1 Attached, 3 Parking
Listing history
Listing activity for 40 Thelma Ave, Toronto, Ontario
| Date Start | Date End | List Price | Price | Event | Listing ID |
|---|---|---|---|---|---|
| Date StartN/A | N/A | $4,888,000 | N/A | For Sale | C13713204 |
Inside
Room by room
Property
- Property Type
- Detached
- Style
- 3-Storey
- Community
- Forest Hill South
- Municipality
- Toronto
Building
- Size
- 3000-3500 sqft
- Construction
- Brick
Inside
- Bedrooms
- 3+1
- Bathrooms
- 6
- Bathroom Details
- 1 × 4pc Bsmt, 1 × 2pc Main, 2 × 3pc 2nd, 1 × 4pc, 1 × 6pc 3rd
- Basement Type
- Finished
- Kitchens
- 1
Parking
- Driveway
- Private
- Garage Type
- Attached
- Garage
- 1
- Additional Parking
- 2
- Total Parking
- 3
Utilities
- Water
- Municipal
- Cooling
- Central Air
- Heating Type
- Forced Air
Land
- Sewer
- Sewers
- Frontage
- 25 ft
- Depth
- 106.66 ft
- Lot Size
- 25 x 106.66 ft
Where it sits
The street and the area
Asking prices on the map.
Map and tour
Transit nearby
| Station | Lines | Distance |
|---|---|---|
| St Clair West Station | TTC subway: Line 1 Yonge-University | 750 m |
| Davisville Station | TTC subway: Line 1 Yonge-University | 1.4 km |
| St Clair Station | TTC subway: Line 1 Yonge-University | 1.5 km |
| Chaplin Station | TTC light rail: Line 5 Eglinton | 1.5 km |
| Bloor GO | GO Transit train: KitchenerUP Express train | 4.8 km |
The nearest subway, light rail, train, bus rapid transit stations 5 km, as the crow flies. Source: TTC schedule data (GTFS) from the Toronto Transit Commission under the Open Government Licence – Toronto; GO Transit and UP Express schedule data (GTFS) from Metrolinx under the Open Government Licence – Ontario – Metrolinx, downloaded October 18, 2026. Contains information licensed under the Open Government Licence – Toronto. Data used in this product or service is provided with the permission of Metrolinx. Metrolinx makes no representations or warranties of any kind, express or implied, with respect to the Data and assumes no responsibility for the accuracy or currency of the data used in this product or service. Contains information licensed under the Open Government Licence – Ontario – Metrolinx.
Around it
Detached in Forest Hill South
Active listings only, today.
Detached homes for sale in Forest Hill South right now
- For sale now
- 50
- Median asking price
- $5.5M
- New in 7 days
- 6
- Price cuts
- 8%
Middle half: $4.02M to $9.75M
21 in 28 days
4 listings
This home is asking 11% below the median.
See all homes in Forest Hill SouthAsking prices and counts of the MLS® listings on this site as of today. Asking figures only, never sold or leased prices.
Site report
What the record says
What the City and the conservation authority have on file for this address.
- Heritage and ravineNone foundNot found on the Heritage Register
- Heritage and ravineNone foundNot in a mapped Heritage Conservation District
- Heritage and ravineNone foundNot in the mapped ravine protection area
- ZoningR (u4; d1.0) (x621)Residential zone (R) · Chapter 10, section 10.10 of By-law 569-2013 · Exception 900.2.10(621)
- Permits5 clearedBuilding Permit Related(MS) Issued November 14, 2022 · Building Permit Related(PS) Issued January 11, 2022 · New Building Issued January 11, 2022 · Demolition Issued January 11, 2022 · Building Permit Related (DR) Issued January 11, 2022
- Signals nearby6 to note19 THELMA AVE, Site plan, 90 m away · 17 THELMA AVE, Site plan, 90 m away · 15 THELMA AVE, Site plan, 100 m away · 13 THELMA AVE, Site plan, 100 m away · 11 THELMA AVE, Site plan, 110 m away · 9 THELMA AVE, Site plan, 110 m away
- ca regulatedNone in rangeNot in Toronto and Region Conservation Authority’s mapped regulated area
- provincial plansNone in rangeOutside the Greenbelt, Oak Ridges Moraine and Niagara Escarpment plan areas
- wetlandNone in rangeNo mapped wetland within 120 m
- aggregateNone in rangeNo licensed pit or quarry within 2 km
- wellsNone in rangeNo recorded oil, gas or salt well within 250 m
- trailOn recordA trail on the Ontario trail network within 1 km
- permitsOn record52 building permits issued within 250 m in the last 2 years
- devappsOn record10 open development applications within 250 m An application is a proposal: it may change, be refused or never be built.
- airportOn recordNearest airport: 5.8 km
- parcelOn recordMapped parcel: about 2,670 sq ft Measured from the municipal parcel map, which can differ from the survey and from the lot size in the listing.
- water wellsNone in rangeNo water-supply well recorded within 250 m 44 test or monitoring holes also recorded.
- npriNone in rangeNo facility within 1 km reports pollutant releases to Environment Canada Only facilities above the inventory’s reporting thresholds are listed.
- fcsiNone in rangeNo federal contaminated site within 1 km The federal inventory covers federal land only; it says nothing about provincial or private sites.
- electricityOn recordElectricity is distributed here by Toronto Hydro-Electric System Limited
- internet speedOn recordWired internet 50/10 Mbps or faster is listed at a household 70 m away Fixed wireless 50/10 Mbps or faster. LTE mobile coverage listed. ISED’s National Broadband Data at the nearest household point (70 m from the listing); 50/10 Mbps is its top category and includes faster plans. Confirm with a provider for this address.
- broadbandOn recordAcross the surrounding area: fibre to the home, cable, DSL internet listed Fibre to the home: Beanfield Metroconnect, Bell, Dotto One, FibreStream, Rogers. Cable: Rogers. DSL: Bell. Fixed wireless: Bell, Rogers, Routcom, SkyChoice Communications. Mobile: Bell, Freedom Mobile, Rogers, Telus. Satellite: Xplore. ISED’s list for the surrounding ~25 km² area; check with a provider for this address.
None of these City records was found at this address. That does not rule out other approvals, such as a conservation authority permit, so check before you plan work.
Each record is the map at the home’s location, not an inspection. Confirm anything that matters with the municipality, Toronto and Region Conservation Authority or the record’s publisher.
City of Toronto Open Data and zoning map, read at this address. Contains information licensed under the Open Government Licence – Toronto. City of Toronto Open Data — Development Applications and Building Permits (cleared permits since 2017). An application is a proposal: it may change, be refused or never be built. Contains information licensed under the Open Government Licence – Toronto. Contains information licensed under the Open Government Licence – Canada. Contains information licensed under the Open Government Licence – Ontario. Contains information licensed under the Open Government Licence – Toronto. Contains information made available under the Toronto and Region Conservation Authority Open Data Licence v1.0.
Lot
- Lot area
- 2,667 sq ft248 m²
- Street frontage
- 25 ft7.6 m
- Depth
- 106.66 ft32.5 m
The area is the frontage multiplied by the depth, so boundaries are approximate. Confirm with a survey before you buy.
Source: the MLS® listing record.
Land transfer tax on this home
- Ontario land transfer tax
- $108,675
- Toronto municipal land transfer tax
- $136,435
- Total land transfer tax
- $245,110
- First-time buyer rebates (Ontario up to $4,000 + Toronto up to $4,475)
- −$8,475
- Total for first-time buyers
- $236,635
See how this is worked out
- 0.5% on the first $55,000
- $275
- 1.0% from $55,000 to $250,000
- $1,950
- 1.5% from $250,000 to $400,000
- $2,250
- 2.0% from $400,000 to $2,000,000
- $32,000
- 2.5% from $2,000,000 to $4,888,000
- $72,200
- Ontario total
- $108,675
Toronto’s municipal tax has its own higher brackets at this price, so it adds $136,435.
An estimate at the asking price, for a home with one or two single-family residences. Your lawyer confirms the exact amount.
Schools
Nearest schools
Straight-line distances. Check catchments with the board.
ElementaryEQAO average 2024–25
- Holy Rosary Catholic SchoolToronto CDSBCatholic · grades JK–8 · French Immersion82%Grade 6 average600 m
- Forest Hill Junior and Senior Public SchoolToronto DSBPublic · grades JK–8 · French Immersion93%Grade 6 average650 m
- Brown Junior Public SchoolToronto DSBPublic · grades JK–6 · French Immersion91%Grade 6 average1 km
- ÉÉC du Sacré-Coeur-TorontoConseil scolaire catholique MonAvenirFrench-language Catholic · grades JK–660%Grade 6 average2.8 km
SecondaryGrade 9 math 2024–25
- Forest Hill Collegiate InstituteToronto DSBPublic · grades 9–1260%Grade 9 math1.7 km
- Marshall McLuhan Catholic Secondary SchoolToronto CDSBCatholic · grades 9–1259%Grade 9 math2 km
- Oakwood Collegiate InstituteToronto DSBPublic · grades 9–12 · French Immersion44%Grade 9 math2.4 km
- Collège français secondaireConseil scolaire ViamondeFrench-language public · grades 9–1286%Grade 9 math4.1 km
EQAO: share of students at or above the provincial standard, 2024–25 (Ontario open data). These are the schools nearest this home, not the schools it is assigned to: boundaries change, and some schools take students by application. Confirm with the board before you buy. Contains information licensed under the Open Government Licence – Ontario.
Searches this home is in
Keep looking
The ledger
What it costs to own
Worked out for this home. Change any number.
A month, all in
$24,017
- Mortgage$22,300
- Property tax$1,717
A planning figure, not a quote.
Land transfer tax
$245,110
$236,635 for first-time buyers; Toronto adds its own tax.
Rent, similar homes
$9,500
a month, median asking rent of 5 similar homes in Forest Hill South.
Community
Who lives around it
Similar homes
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Shemeer AhmadVALERY REAL ESTATE INC.
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