The Toronto Daily Star editions from the 1930s often included a Real Estate section that contained one or more photos of upscale houses. Here’s one from the September 18 1936 edition.
$18,500 in 1936 dollars is equivalent to $342,500 today – which wouldn’t be that much for a house in Forest Hill!
The Toronto city directories inform me that this house is at 18 Dewbourne Avenue, and that Walter W. Davis, a stockbroker, lived there. He lived there until 1948. The 1948 directory lists Mr. Davis as having no occupation, and the 1949 directory doesn’t list him. This suggests that he enjoyed this Georgian type residence for a little over a decade.
The house still stands, and doesn’t appear to have changed much.