1261 North Sherdian Way, Mississauga, ON L5H 2A3
Sheridan · L5H 2A3
$5,500,000
$883 / sq ft8 months on market
- Total area
- 6,227 sf
- Lot
- 225.2 × 114.63 ft
What's special
- Yes
About this property
Exceptional opportunity to acquire a prominent commercial property in one of Mississauga's most prestigious and established neighbourhoods. Located at 1261 North Sheridan Way, this corner-lot property offers outstanding visibility and accessibility, just minutes from the QEW and other major highways, providing seamless connectivity throughout the GTA.The existing building features over 6,000 sq. ft. of built-up area situated on approximately 0.75 acres of land, currently operating as a church. The generous lot size, corner exposure, and ample on-site parking make this property highly functional and adaptable for a wide range of uses.The property presents excellent potential for redevelopment or conversion to avariety of suitable uses (buyer to verify). Whether reimagined as a place of worship, community facility, educational institution, daycare, medical or professional space, this site offers flexibility to align with evolving market demands. Surrounded by a prestigious residential community and established amenities, this location combines strong demographics with long-term growth potential. The site's prime positioning along North Sheridan Way ensures high visibility and strong future appreciation prospects. For investors and end-users alike, this is a rare opportunity to secure a sizable parcel in a sought-after Mississauga corridor with both immediate usability and significant upside potential. With continued growth and redevelopment across the city, this property represents a strategic investment in one of the GTA's mostdesirable markets. A truly unique offering with scale, location, and future potential, an exceptional addition to any real estate portfolio.
Property details
Property
- Property type
- retail
- Interior size
- 6,227 sq ft
- Lot size
- 225.2 × 114.63 ft
- Zoning
- RL, (Grandfathered Church Use Property)
- Possession
- Flexible
Interior
- Heating
- Gas Forced Air Closed
- Cooling
- Yes
Costs
- List price
- $5,500,000
- Property taxes
- $673 / year (2025)
- Price per sq ft
- $883
Listing
- MLS® number
- W12840412
- Status
- For sale
- Listed
- March 3, 2026
- Days on market
- 246
- Last updated
- June 10, 2026
- Listing brokerage
- CENTURY 21 PROPERTY ZONE REALTY INC.
Price & sale history
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Before you make an offer
What this home costs beyond the asking price, and how that price compares to what else is on the market.
How this price compares
This home is priced above most comparable listings — about 97% of comparable retail listings in Mississauga are asking less.
- This home
- $883 / sq ft
- Comparable median
- $625 / sq ft
Based on 63 comparable active retail listings in Mississauga. These are asking prices, not sale prices.
Mortgage estimate
- Principal & interest
- $24,328.36
- Property tax (est.)
- $56.09
- Estimated monthly
- $24,384
Estimate only. Excludes CMHC insurance premiums, which apply below 20% down, and does not constitute a mortgage approval or an offer of credit.
Land transfer tax
Payable on closing, on top of the purchase price.
- Ontario
- $123,975
- Total due on closing
- $123,975
An estimate on the asking price of $5,500,000. Rates current as of September 2026; confirm the final figure with your real estate lawyer.
Listing courtesy of CENTURY 21 PROPERTY ZONE REALTY INC.. Listing data is provided in part by the Toronto Regional Real Estate Board (TRREB) and is deemed reliable but is not guaranteed accurate. Information is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties. Data is updated every 15 minutes.
Comparable sales nearby
What similar homes in this area actually sold for.
Nearby sold prices are hidden
Recent closed sales for comparable homes in this area — the numbers that tell you whether the asking price is realistic.
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