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CF Mountain View, located at 1800 Sheppard Avenue East in North York, Toronto, is a regional shopping centre with approximately 881,000 square feet of gross leasable area, encompassing 167 stores and services across two levels. Opened in 1970, it has undergone significant expansions and renovations, including a CA$90 million project completed in 2009 that introduced modern features like a skylit food court and updated entrances, and a 2019 redevelopment of the former Sears space into T&T Supermarket, HomeSense, Marshalls, and specialty retailers, finalized in 2023.
Anchored by T&T Supermarket and previously by Hudson's Bay (set to close in 2025), the tenant mix includes fashion retailers such as Zara, Forever 21, Hollister, Sephora, and Bath & Body Works, alongside essentials like Shoppers Drug Mart and LCBO, a diverse food court, and Rainbow Cinemas. The property benefits from a dense trade area with a population of 2.49 million, average household income of $113,432, and 47% of households earning over $100,000, driven by high growth from five major condo developments adding 10,000 residents.
Sales productivity stands at $1,110 per square foot, ranking it among Canada's top 20 shopping centres.
Accessibility is strong via direct connection to Don Mills TTC subway station, Highway 401, and Don Valley Parkway, supporting high footfall estimated at over 10 million annual visitors.
Leasing advantages include competitive rents around $50-70 per square foot (base, full service), high occupancy near 95%, and a multicultural demographic profile with average age 39 and 60-minute dwell time, fostering repeat visits. However, the impending Hudson's Bay closure poses a risk to short-term footfall, while nearby competition from premium centres like Shops at Don Mills and Bayview Village, plus larger Yorkdale, may pressure mid-tier categories.
Operational quality is solid post-renovations, but historical security incidents highlight potential risks in a urban setting with market saturation in North York retail.
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Hours of Operation
Hours
| Monday | 10:00 AM — 09:00 PM |
| Tuesday | 10:00 AM — 09:00 PM |
| Wednesday | 10:00 AM — 09:00 PM |
| Thursday | 10:00 AM — 09:00 PM |
| Friday | 10:00 AM — 09:00 PM |
| Saturday | 10:00 AM — 09:00 PM |
| Sunday | 11:00 AM — 07:00 PM |
Hours may vary on public holidays. Check with individual stores for specific holiday schedules.
Insights
Demographic Profile
The primary trade area surrounding CF Mountain View features a population of 2.49 million within the Greater Toronto Area, with an average household income of $113,432, exceeding the national average. Forty-seven percent of households earn over $100,000 annually, and the average age is 39 years, creating a diverse, multicultural shopper base suited for family-oriented and value-to-mid-range retail. High residential growth from nearby condo projects adds 10,000 residents, boosting potential customer draw. However, income disparity in North York could limit luxury segment performance, and the area's established immigrant communities favor ethnic and grocery-focused tenants like T&T Supermarket over high-end fashion.
Accessibility and Footfall
CF Mountain View offers excellent connectivity with direct pedestrian access to Don Mills subway station on Line 4, multiple TTC bus routes, and proximity to Highways 401 and the Don Valley Parkway, enabling easy access from across the GTA. Free parking lots and garages accommodate vehicular traffic. Annual footfall exceeds 10 million visitors, supported by 60-minute average dwell times and sales productivity of $1,110 per square foot. Drawbacks include potential congestion during peak hours on major highways and reliance on public transit in a car-dependent suburb, which could be affected by TTC service disruptions. The 2023 pedestrian link enhancement improves subway integration, mitigating some access issues.
Tenant Mix and Competition
The tenant mix at CF Mountain View comprises 167 stores, emphasizing mid-market fashion, health/beauty, and essentials, with anchors like T&T Supermarket drawing grocery traffic and cinemas supporting entertainment. Occupancy hovers around 95%, with base rents estimated at $50-70 per square foot. Strengths include a balanced category spread avoiding over-saturation in weak areas like electronics. Risks arise from the 2025 Hudson's Bay closure, potentially reducing anchor-driven traffic, and intense competition from upscale Shops at Don Mills (2 km away) and Bayview Village, which attract higher-income shoppers, alongside larger Yorkdale 10 km north. Market reports indicate North York retail saturation, pressuring lease terms for non-essential categories.
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Toronto, ON
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City Snapshot
Toronto, ON
Comprehensive market intelligence for retail expansion in this city
