Riviera Club I — Rental Market Data

Riviera Club I holds three active listings as of August 31, 2026, with asking rents ranging from $1,300 to $3,000 per month, an average of $2,350 and a median of $2,750. The average suite size across active inventory is 1,183 square feet at an asking rate of $2.07 per square foot. Inventory leans toward multi-bedroom executive layouts, with two-bedroom units comprising 66.7 percent of available space and the sole one-bedroom listing representing a compact 550-square-foot entry option.

The dominant active layout at Riviera Club I is the two-bedroom configuration, accounting for two of three listings or 66.7 percent of inventory at an average asking rent of $2,875 per month across 1,500 square feet and $1.92 per square foot. The one-bedroom tier holds a single listing at $1,300 per month for 550 square feet, equating to $2.36 per square foot. No three-bedroom or studio units are currently available in the building.

Riviera Club I's active asking rents span from a minimum of $1,300 per month to a peak of $3,000 per month, producing a dollar spread of $1,700 and a percentage spread of 130.8 percent. The median asking rent sits at $2,750 per month. The entry-level suite is a one-bedroom at 550 square feet priced at $2.36 per square foot, while the peak offering is a two-bedroom at 1,500 square feet priced at $2.00 per square foot.

Riviera Club I does not currently have quantified den premium data, as no paired active listings isolate the marginal cost of den space in square-foot terms. Parking stall premiums also cannot be reliably isolated from current listings due to insufficient paired sample data, and no verified historical lease benchmark exists for parking add-on costs at this building.

Riviera Club I's average asking rent of $2,350 per month at $2.07 per square foot compares favorably against the Scarborough North submarket asking benchmark of $2,553 per month at $3.38 per square foot. The building's 38.8 percent lower rate per square foot reflects genuinely more competitive unit pricing rather than a suite-size artifact, as the average active suite at 1,183 square feet is already larger than typical submarket offerings. Riviera Club I represents three of the 75 active listings in the Scarborough North submarket, or roughly four percent of total available inventory.

Riviera Club I's average closed lease of $2,692 per month sits $138 above the four-comparable average of $2,554, yet this headline gap narrows considerably once suite size is factored in. Riviera Club II at 4725 Sheppard Ave E leases at $2,725 per month ($2.54 per square foot across 1,273 square feet), essentially matching the subject on total rent while offering 27 fewer square feet. Residences at the Consilium II at 68 Corporate Dr averages $2,693 per month ($2.96 per square foot, 929 square feet), a near-identical monthly figure for a suite that is 371 square feet smaller. Ellipse I at 36 Lee Centre Dr comes in at $2,241 per month ($3.30 per square foot, 691 square feet), the lowest absolute rent in the set but for a unit 609 square feet smaller than the subject. Residences at the Consilium I at 88 Corporate Dr leases at $2,558 per month ($3.96 per square foot, 758 square feet), again a lower total rent offset by a footprint 542 square feet below Riviera Club I's average.

Riviera Club I delivers 1,300 square feet of interior space at $2.05 per square foot, a rate that undercuts every nearby comparable and the Scarborough North submarket benchmark of $3.35 per square foot by roughly 39 percent. Against Riviera Club II, tenants pay $0.49 less per square foot for 27 additional square feet of living area. Compared with Residences at the Consilium II, the subject's $0.91-per-square-foot discount (30.7 percent below the comp) buys 371 extra square feet. Ellipse I, the most recent build in the set, charges $3.30 per square foot for just 691 square feet—meaning a tenant at Riviera Club I gains 609 additional square feet while paying $1.25 less per square foot. Residences at the Consilium I carries the steepest per-foot rate at $3.96 for 758 square feet, making the subject's 542-square-foot advantage and $1.91-per-foot discount the widest value spread in this micro-market. In practical terms, a renter choosing Riviera Club I secures a substantially larger suite at a lower effective cost per square foot than any alternative within a kilometer.

Riviera Club I's amenity package—anchored by both an indoor and outdoor pool, dedicated tennis and pickleball courts, and a squash and racquetball court—sets it apart from the most recent competitor in the cluster, Ellipse I at 36 Lee Centre Dr. Where Ellipse I offers a rooftop terrace, media and theatre room, and library but no outdoor pool, Riviera Club I gives tenants year-round outdoor swimming plus two full racquet-sport courts that Ellipse I simply does not provide. Against Residences at the Consilium II at 68 Corporate Dr, which adds a car wash bay, bowling alley, and hot tub, Riviera Club I counters with its dual-pool configuration and dedicated squash court—features the Consilium II building lacks. Similarly, Residences at the Consilium I at 88 Corporate Dr includes a badminton court and library but omits the outdoor pool and squash court found at the subject. The combination of an outdoor pool, tennis and pickleball court, squash and racquetball court, indoor pool, and sauna/steam room makes Riviera Club I the most sport-oriented and recreation-dense option within a kilometer, best serving active professionals and families who prioritize on-site fitness, competitive racquet sports, and seasonal outdoor swimming over boutique lounge or media-room amenities.