5 - 40 Rivermont Road

The plaza at 10-80 Rivermont Rd features a curated mix of daily convenience and service-oriented businesses, driving steady foot traffic and strong cross-shopping synergy. Daily traffic: 8,500-10,000 vehicles. Highway access: 8 min to Hwy 407, 9 min to Hwy 401. Ample parking, DRT bus stop within 200m. Located in Riverview Heights - a luxury detached home community by Ashley Oaks Homes (200+ homes by 2025/2026). Strong industrial/office presence within 1-2 km (warehousing, manufacturing, corporate offices). Existing daytime & evening demand from new residents and workforce. Top-rated schools and Greenbelt trails nearby. Current tenants: convenience store + gas bar, coffee shop/café (morning/lunch rush), independent pharmacy, family dental clinic, pet grooming/supplies, insurance broker, tax services, pizza takeout & fry shop (evening/weekend). Strong cross-shopping synergy. Zoning: SC - Service Commercial. Permitted uses: retail, personal services (salons, barbers, nails), restaurants (takeout Only), professional offices (real estate, legal, accounting, medical), grocery deli, bakery, dry cleaner. Lease options: Sublease or Direct Head Lease with Landlord. Direct Lease conditional on mutual termination with current tenant (HiBuzz Inc.) concurrent with new 5+5 year Head Lease. Commission (TRESA): New 5-yr Head Lease / Full Sublease Assignment - 7,500 + HST(payable upon opening). Short-term sub-lease (1-3yrs): 1,500 + HST/year (125/month + HST), capped at 4,500 + HST for 3 yrs. Offer submission acknowledges tiered commission. AAA tenants only. Listing Broker must be present for all showings.

Listing Details

Taxes (2026) — owner

$13

Listed

April 17, 2026

Community

Listed by

ROYAL LEPAGE FLOWER CITY REALTY