Riviera Club I, 4727 Sheppard Ave E: Two Pools and the Future Subway

Riviera Club I at 4727 Sheppard Avenue East is the building I show buyers who want a three-bedroom-sized condo for the price of a newer one-bedroom. It is a 1989 mid-rise with an indoor pool and an outdoor pool, suites that start near 900 square feet, and a location close to where the Line 2 subway extension is planned to end. It is also self-managed and more than 35 years old, and both of those facts need your attention. I’m Jatin Dua, RE/MAX Quantum Realty.

A late-1980s mid-rise built for space, not height

Riviera Club I went up in 1989, at the end of the decade when Scarborough’s arterial roads filled with condominium towers aimed at families and downsizers. At 14 storeys and about 42 metres, it is shorter and wider than most of its neighbours, and it was planned around amenities rather than height.

The developer was Lawrence Avenue Group Limited. I could not find an architect on record, and I would not trust any source that names one without a citation. What matters more at this age is how the building has been looked after, and that is a question for the status certificate rather than the brochure.

You will see 4725 Sheppard Avenue East listed under the Riviera Club name on some sites and as a separate building on others. Before you write an offer, confirm which address and which condominium corporation the suite actually belongs to, because the fees, rules and reserve fund follow the corporation, not the marketing name.

Suites sized like small houses

The smallest suites here are roughly 889 square feet and the largest about 1,531. That is the real reason to look at this building. Most new condos in Scarborough top out well below the size of Riviera Club’s smallest plan, and a two-bedroom-plus-den or three-bedroom layout here gives a family room to breathe.

Expect the planning of the era rather than today’s open-concept boxes: closed kitchens and defined dining areas are typical of buildings this age, so look at the floor plan for each suite. Finishes vary enormously because each owner has renovated on their own schedule, so two suites with the same floor plan can feel like different buildings.

Older plans also mean older guts. Ask the seller what has been replaced inside the suite, including the fan coil or heating unit, windows, electrical panel and plumbing shut-offs, and get the answer in writing if you can.

Two pools and a self-managed corporation

Condos.ca lists both an indoor pool and an outdoor pool here, along with a gym, a party room, a meeting room and concierge service. Two pools in a 223-suite building is unusual. It is a lifestyle feature for families with children and for retirees who swim, and it is also two of the most expensive things a condominium can own.

The building is listed as self-managed, meaning the board runs operations directly rather than hiring a management company. Some self-managed corporations are run tightly by experienced owners and keep costs low. Others rely on a small number of volunteers. I would read the last two years of board minutes and the most recent reserve fund study before I formed a view either way.

The fee inclusions are worth reading closely. Condos.ca lists parking, water, air conditioning, cable TV, building insurance and common elements, but it does not list heat or hydro. Confirm with the status certificate how heating is billed and what your own monthly utility costs will be, so you compare this building fairly against neighbours that bundle heat into the fee.

Sheppard and McCowan is about to change

For most of its life this stretch of Sheppard has been a bus corridor, and buyers have priced it that way. That is changing. The Scarborough Subway Extension will carry Line 2 north to a new terminus at Sheppard Avenue East and McCowan Road, very close to this building. BlogTO reported in August 2026 that tunnelling was about three-quarters done, and that work on the Lawrence and McCowan station was under way.

No opening date was given in that report, so I would not pay a premium today for a station that is still years away. But an established building with large suites next to a future subway terminus is an unusual combination, and it is one reason I think this building deserves a look from long-term owners.

The other side of that coin is construction. Expect lane restrictions, noise and heavy equipment around Sheppard and McCowan for several years, and expect more development applications on nearby sites once the station is open. If an open view matters to you, check the City of Toronto development applications map before you buy.

What Riviera Club I costs, per square foot

Condos.ca puts the building average at about $297 per square foot. That is very low for Toronto, and well under what most of the newer towers around Scarborough Town Centre trade for. Part of that is suite size, since big suites always sell for less per square foot, and part is age and the fee load that comes with an older building with two pools.

When I checked, one suite was listed for sale and six were listed for lease. With only one sale listing, I will not quote an asking price or fee here. The leasing activity tells you something useful, though: a meaningful share of suites are rented, which matters for both investors and owner-occupiers.

Low price per square foot is only good value if the building is financially healthy. If you want to see what comparable suites here have actually sold for, I can pull that through my building sold report.

Building specifications

Amenities at Riviera Club I

An indoor pool for winter and an outdoor pool for summer, plus a gym and sauna, means a family can skip a community centre membership entirely. The trade-off is that pools are costly to run and to rebuild, and in a 1989 building that cost shows up in the reserve fund.

Jatin’s honest take on Riviera Club I

Riviera Club I — frequently asked questions

Looking at Agincourt, L’Amoreaux, Milliken, Dorset Park and Wexford in Scarborough more broadly? Start with my Toronto community guide — the neighbourhoods, what each pocket is like, and how they compare.