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New3 hours ago

40 Thelma Avenue

Forest Hill South, Toronto

$4,888,000

Detached|3-Storey
3 | 6 | 3
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, cafés, 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. 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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agent
Angela Montano
(647) 283-2643
TypeDetached
Style3-Storey
Approx. AgeNot available
Size3000-3500 sq. ft.
Property Tax$20,610
Lot Size25 ft x 106.66 ft
mls© NumberC13713204
Listed ByHARVEY KALLES REAL ESTATE LTD.

Listing History

  • No recent sale history for this listing.
  • No recent lease history for this listing.

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What the bank counts

This home's actual carrying costs, payment stress-tested at 6%

Mortgage, tested at 6%
$25,019
Property tax
$1,717
Heat allowance
$150
Housing costs
$26,886 / mo

Lenders cap these at 39% of gross income — that sets the number.

Down payment20% · $977,600
25-yr amortization

Income needed

$827,000

gross annual household income

Payment at 4%
$20,569 / mo
Cash down
$977,600

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

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