Mississauga, ON · L5H 2A3 · MLS® W12840412Updated
$5,500,000
1261 North Sherdian Way is a retail in Mississauga, listed for $5,500,000.
Coldwell Banker Summit Realty, BrokerageZara is an AI virtual agent. Advisors are licensed REALTORS® at Coldwell Banker Summit Realty, Brokerage.
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.
Mississauga retail priced at $5,500,000 — book a tour to see if it fits your search.
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Lot & land
Listing & possession
Earlier listings of this property, list-price changes, and the most recent annual property tax on the listing.
Sourced from MLS®. Includes earlier listings of this property on record.
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Estimated from city-wide sales. There isn’t enough detail on this listing to rate the price.
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Closed sales on the TRREB MLS®.
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Listing brokerage: CENTURY 21 PROPERTY ZONE REALTY INC., BrokerageMLS® W12840412 · Listing data last updated
Listing data comes from the Toronto Regional Real Estate Board (TRREB) and is deemed reliable but not guaranteed. Shown on Summitly by Coldwell Banker Summit Realty, Brokerage, which is not the listing brokerage. The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose. © 2026 Toronto Regional Real Estate Board. All rights reserved.
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Other homes for sale in Mississauga around $5.5M.
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Curated MLS® searches this property belongs to — same city, same shape of home.
Based on 2,147 sales from Aug 16 – Nov 14, 2026 (1,666 in the prior 90 days). Aggregate MLS® figures for closed sales; individual sold prices are shown only to signed-in members.
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1261 North Sherdian Way is listed at $5,500,000 (MLS® W12840412). Summitly updates the price as soon as the MLS® record changes.
Yes — it was first listed at $6,900,000 and is now $5,500,000, a drop of $1,400,000 (20.3%).
The listing for 1261 North Sherdian Way doesn't publish its bedroom and bathroom count. It is a commercial property in Mississauga.
The nearest rapid-transit station is Clarkson GO Station (Lakeshore West GO), about 3.2 km in a straight line. Port Credit GO Station is about 3.9 km, and Erindale GO Station is about 4.2 km. Distances are straight-line, not walking routes; check the transit agency for routes and schedules.
Its asking price of $5,500,000 is about 530% above the median sold price in Mississauga over the last 90 days, $872,500, across 2,147 closed sales on the TRREB MLS®. A city median mixes every type and size of home, so the comparable sales on this page are the closer guide.
Summitly has no earlier MLS® sale or lease of 1261 North Sherdian Way on record from the last two years. Older records aren't shown under TRREB rules.
1261 North Sherdian Way is in Mississauga, ON. Schools, transit, parks and shops nearby are under Location & lifestyle on this page.
256 days — 1261 North Sherdian Way was listed on March 3, 2026.
About $123,975 in Ontario land transfer tax at the asking price of $5,500,000. First-time buyers can get up to $4,000 back. Legal fees and other closing costs are extra.
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The listing for 1261 North Sherdian Way doesn't publish the annual property tax. The property tax calculator linked at the foot of this page gives an estimate for Mississauga.
The listing for 1261 North Sherdian Way doesn't publish a year built. A Summitly agent can ask the listing brokerage for it.
