Thermal modification processes are environmentally friendly methods used to improve certain properties of wood. Currently, wood from thinning of young plantations of Nothofagus alpina (raulí) in Chile is being evaluated to obtain value before the plantation has reached maturity. The objective of this paper was to assess selected properties of thermally modified wood of young (14- to 25-years-old) N. alpina wood that comes from thinning of two sites with intensive silviculture and one similar to a secondary growth forest. To achieve this, non-destructive tests were carried out to measure some chemical-crystalline characteristics, as well as physical and mechanical properties; the differences between the 25%, 50%, and 75% distance from pith to the bark in each site was studied. The modification temperatures used were 170, 190, and 210 °C. The results show that thinning wood from N. alpina can be thermally modified with favorable results, thus presenting an option to obtain value while the plantation reaches maturity, particularly the thinning wood from the intensive forestry regimes, which presented most homogeneous results, especially at the modification temperature of 190 °C.