$ 4,888,000

Richard Wengle 2023 Custom Build in Forest Hill Village

Property details for 40 Thelma Avenue, Toronto

Type
Residential
Bedrooms
4
Bathrooms
6
Lot Size
25 x 106.7 FT
Stories
3
Basement
Finished, N/A
Parking
Attached Garage, Garage
Heating
Forced air, Natural gas
Cooling
Central air conditioning
Exterior
Brick
Ownership
Freehold
Annual Taxes
$20,610

This is a 2023 custom build by Richard Wengle, a four-level house with about 4,500 square feet of living space. The brick exterior is fresh and clean, and inside you'll find top-tier finishes throughout. It has 4 bedrooms and 5 bathrooms, including a primary suite that takes up the entire top floor. That suite has a walkout balcony, a glass-enclosed shower, a soaking tub, a double vanity, a makeup station, a private office, and a dedicated wellness space. The second floor holds two more bedrooms, each with its own ensuite, plus a den that could easily become a fourth bedroom (it has an ensuite too). There's also a finished basement with an extra bedroom and a full bath. The kitchen has custom cabinetry, built-in appliances, and a temperature-controlled wine cabinet. The whole place is wired with a smart home system for lighting, audio, TVs, window coverings, climate, and security, plus built-in surround sound. You've got floor-to-ceiling windows on every level, so it's bright. Parking is a 3-car attached garage. Location? Steps from Bishop Strachan School and about 0.7 km to Upper Canada College. You're in Forest Hill Village, so shops and cafés are right there. Casa Loma's 1.3 km away, and Mount Pleasant Cemetery is 2.4 km. It's priced at $4,888,000, which is above the neighborhood median of about $4.6M, but this is a newer, larger home with high-end finishes. Taxes are $20,609.97 per year. The market's active with 14 listings nearby, and the location scores 80 out of 100. It's a solid investment if you want a move-in-ready luxury spot in one of Toronto's best neighborhoods.

About 40 Thelma Avenue, Toronto — Property Score

64
Strong Investment Great Location Hot Market
Score: 64/100
Value
26
Priced 262.1% above area median of $1,350,000 based on 1114 comparable properties nearby 1
Stable pricing - no price changes since original listing date 50
Size
50
4 bedrooms - 1 fewer than similarly priced 5-bedroom homes nearby 48
5 bathrooms - 1 fewer than similarly priced properties nearby 48
2,668 sqft lot - a compact lot for the area 55
Location
80
$103K median household income - above the Canadian average of $70K 81
92% of residents hold postsecondary credentials - a highly educated neighbourhood 98
51% homeownership rate - a balanced mix of owners and renters 66
49% of residents commute under 30 minutes - good commuting convenience 69
4,446/km² population density - a well-balanced suburban area 86
Market
80
Just listed - area average is 46 days on market 100
+14984.7% median price change over 1 month - rising prices in the area 100
33 months of housing supply - 3070 active listings with 93 sold last month (buyer's market) 40
Features
77
3-car garage - area average is 4.2 spots 80
Finished, N/A basement - adds valuable living space 85
efficient gas forced air heating 80
Central air conditioning - whole-home cooling 90
1 fireplace - a desirable feature for Canadian winters 75
No premium extras like pool, waterfront, or view 50
Investment
88
0.42% effective tax rate ($20,609/yr) - very low tax burden 87
49% renter population - moderate rental market 89
Quality
50
Condition
50
Listing
86
19 photos provided - below the area average of 36 photos 85
6 of 7 key property details provided (86%) - comprehensive listing with excellent detail 86

* This property score is an approximate estimate based on publicly available data, nearby comparable listings, and automated analysis. Scores are for informational purposes only and should not be relied upon as professional appraisals or investment advice. Actual property values may vary. We recommend consulting a licensed real estate professional for accurate assessments.

Full Listing Description

All Property Details

Neighbourhood Census Data

Toronto, Ontario

Population
582
Median Age
40
Median Income
$57,088
Dwelling Value
$2,195,555

Housing Tenure

Owners 51%
Renters 49%

Age Distribution

Dwelling Types

Commute Mode

Education Level

Housing Age

Commute Duration

Avg Household Size: 2.2
Pop. Density: 4,446.1/km²
Avg Shelter Cost: $2,939/mo
Owners with Mortgage: 40.7%
Owners Spending 30%+: 29.6%
Tenants Spending 30%+: 57.7%
English only: 84.6%
English and French: 14.5%
Median Household Income: $102,656
Median Employment Income: $40,576

Price History

Contact Agent Get in touch about 40 Thelma Avenue, Toronto

DALLAS RYAN BARRS
HARVEY KALLES REAL ESTATE LTD.