Scarborough Town Centre

Scarborough Town Centre opened in 1973 at 300 Borough Drive in the Scarborough City Centre district of Toronto, with approximately 148,600 sqm of gross leasable area as the leading super-regional shopping centre for Scarborough and eastern Toronto. The property is co-owned by AIMCo and OMERS, and managed by Oxford Properties.

Scarborough is one of Canada’s most ethnically diverse large urban districts, home to major South Asian, East Asian, Caribbean, and African communities that have established Scarborough as a distinct cultural and commercial environment from Toronto’s inner city. The Scarborough Rapid Transit (Line 3) that previously served the mall area closed permanently in 2023 after a derailment, ahead of its planned retirement; it is being replaced by the Scarborough Subway Extension, a major transit infrastructure investment that will, when completed, extend Line 2 directly to Scarborough Centre and remove the current bus connection to Kennedy station. The property has seen substantial anchor turnover through 2025 and 2026: Hudson’s Bay closed as part of the chain’s national liquidation, Decathlon shuttered its store as part of a wider Greater Toronto Area restructuring, and IKEA, which had opened an 80,000-plus sqft city-format store in the former Sears space in 2023, announced its own closure for early 2026. Walmart anchors the remaining department store tier, with H&M, Zara, Uniqlo, and Aritzia among the major fashion and lifestyle tenants.