Riviera Club II — Rental Market Data

Riviera Club II has two active rental listings as of August 31, 2026, with asking rents ranging from $2,850 to $3,000 per month and an average and median of $2,925 per month. Both units measure 1,100 square feet at an average asking rate of $2.66 per square foot. The entire active inventory consists of 2-Bedroom + Den layouts, meaning the building currently offers no entry-level one-bedroom or larger multi-bedroom executive options for prospective renters.

The sole active layout at Riviera Club II is the 2-Bedroom + Den, accounting for both available units and a 100 percent share of current inventory. Each listing averages $2,925 per month across 1,100 square feet, translating to $2.66 per square foot. No other bedroom tier is currently on the market, so renters seeking a one-bedroom or three-bedroom configuration must look to the broader Scarborough North submarket.

Riviera Club II's two active listings span a $150 spread, from a minimum entry rent of $2,850 per month to a peak asking rent of $3,000 per month, a 5.3 percent range. The median asking rent sits at $2,925 per month. The entry-level unit is a 2-Bedroom + Den at 1,100 square feet priced at $2.59 per square foot, while the peak unit is the same layout and size at $2.73 per square foot, reflecting a modest internal premium for unit-specific features rather than a size differential.

Riviera Club II's active den premium and the associated square-footage delta cannot be reliably quantified from the current two-unit sample, as both listings already include a den within the 1,100-square-foot footprint. Parking stall costs also cannot be reliably isolated from the available data; the paired sample is insufficient to separate a verified monthly parking add-on from base rent, so renters should confirm parking availability and pricing directly with the leasing office.

Riviera Club II's active asking rate of $2.66 per square foot is 21.3 percent below the Scarborough North submarket asking benchmark of $3.38 per square foot, and the average asking rent of $2,925 per month exceeds the submarket average of $2,553 per month primarily because the building's 1,100-square-foot suites are larger than the submarket norm. The two active listings represent 2 out of 75 total available units in the Scarborough North submarket, a 2.7 percent share of current rental inventory. Renters comparing options should note that the per-square-foot value here is meaningfully more competitive than the submarket average despite the higher nominal monthly figure.

Riviera Club II's all-time average realized lease rent of $2,725 per month sits $179 above the four-comparable benchmark of $2,546, with every individual competitor pricing below the subject. Riviera Club I at 4727 Sheppard Ave E (0.13 km, 6 closed leases) averaged $2,692 per month at $2.88 per square foot across 1,150 square feet, placing the subject $33 higher. Residences at the Consilium II at 68 Corporate Dr (1.06 km, 19 closed leases) averaged $2,693 per month at $2.96 per square foot over 929 square feet, with the subject $32 above. Residences at the Consilium I at 88 Corporate Dr (1.07 km, 6 closed leases) realized $2,558 per month at $3.96 per square foot across 758 square feet, a $167 gap in the subject's favour. Ellipse I at 36 Lee Centre Dr (1.08 km, 23 closed leases) posted the lowest average at $2,241 per month, $3.30 per square foot, and 691 square feet, leaving the subject $484 higher in nominal rent.

Riviera Club II leases at $2.54 per square foot across an average 1,273-square-foot suite, a rate that undercuts every active nearby competitor and the $3.28 comp benchmark while delivering the largest interior footprint in the pocket. Against Riviera Club I, the subject trades at a $0.34 per square foot (11.8 percent) discount and provides 123 more interior square feet, meaning the $33 monthly rent premium is entirely a function of the larger footprint rather than a per-square-foot valuation gap. Versus Residences at the Consilium II, the subject offers a $0.42 per square foot (14.2 percent) discount with 344 additional square feet, so the $32 nominal difference again reflects space allocation. The gap widens against Residences at the Consilium I, where the subject trades at a $1.42 per square foot (35.9 percent) discount and supplies 515 more square feet, and against Ellipse I, where the discount reaches $0.76 per square foot (23.0 percent) with 582 extra square feet. In every pairing, the higher nominal rent is driven by the subject's substantially larger interior footprint, not by a premium per square foot.

Riviera Club II fields a full aquatic-and-racquet amenity suite—indoor and outdoor pools, tennis and pickleball court, squash and racquetball court, sauna and steam room, gym, concierge, party lounge, meeting room, and games and billiards room—that matches or exceeds three of its four nearby competitors. Riviera Club I at 4727 Sheppard Ave E lacks only the Games & Billiards Room relative to the subject. Residences at the Consilium II and Consilium I on Corporate Drive both carry every subject amenity plus additional features such as a hot tub, library, BBQ area, and bowling alley, making them the amenity-rich outliers in this set. Ellipse I at 36 Lee Centre Dr is the notable gap: it offers no outdoor pool, no tennis or pickleball court, and no squash or racquetball court, relying instead on a rooftop terrace and media room for lifestyle differentiation. The subject's combination of dual pools, full racquet-sport courts, and a games room targets the active, family-oriented renter who prioritizes on-site recreation and aquatic access over the boutique wellness or social-lounge features that define the Corporate Drive and Lee Centre competitors.