Year Built
2003
Townhouse
Sheridan Lane Townhomes
by Unknown
2401 Fifth Line W, Mississauga, ON L5K 2S8
Total Units
15
Avg $/sqft
$528
Storeys
2
Available Units in Sheridan Lane Townhomes
1
Unit for sale
From $799,900
0
Units for rent
Live MLS · Updated daily
Overview
Anyone who’s seeking a Mississauga condo for sale should definitely consider Sheridan Lane Townhomes at 2401 Fifth Line W. a developer completed this building back in 2003, but unlike other buildings of that age, maintenance fees are actually very low at $0.32 per-square-foot. The building is 2 storeys tall and is home to 15 suites. Units start at 1499 square feet on the low end, and can go up to 2100 square feet.
Maintenance fees at 2401 Fifth Line W are only $0.32, significantly lower than the city average of about $0.67 per-square-foot.
Developer
Unknown
Year Built
2003
Property Type
Townhouse
Storeys
2
Total Units
15
Management
Orion Property Management
Amenities
Underground Parking
Price History
7 recordsLoading history…
Market Stats
$528
Avg $/sqft
Steady
YoY change
37
Avg days on market
Location & Walkability
Walk Score
41/100
Daily errands on foot
Transit Score
—/100
TTC, GO, subway access
Bike Score
72/100
Bike lanes & infrastructure
Neighbourhood in Mississauga
Sheridan
suburban family-friendly community-oriented
Sheridan is a quiet neighbourhood in Mississauga known for its spacious homes and good schools. It offers a suburban feel with many amenities nearby.
Numerous parks and playgrounds for families Diverse community with a 43.6% immigrant population High percentage of homeowners at 67.7% Close to major roads for easy commuting
At a glance
Day to dayLivability
7.4
Schools near listings
out of 10 · averaged over 759 past and present listings
Fraser Institute ratings within 2 km of each listing, closer schools weighted more
Each score is an average over this area's own listings and is shown only where at least 5 of them carry one. Scores are reported by listing agents, not measured by HOMEH.
What it costsAffordability
Median asking price
$1,749,000
99% above Mississauga 147% above Ontario
In Sheridan
$1,749,000
In Mississauga
$879,900
In Ontario
$709,000
Median monthly rent
$5,000/mo
85% above Mississauga 100% above Ontario
In Sheridan
$5,000
In Mississauga
$2,699
In Ontario
$2,500
≈ 29.2 years
Of rent to match the purchase price
On the marketMarket snapshot
For sale
49
Median $1,749,000
Houses 39 · Condos 10
For rent
11
Median $5,000
Recently sold
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Recently leased
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Market data as of 2026-10-27. Sold and leased figures are neighbourhood medians over the last 12 months, published only where at least 5 homes closed — never a single sale.
The honest readPros & cons
What people love
- Family-friendly environment with many schools
- Good access to parks and recreational areas
- Higher median income compared to city average
- Variety of housing types available
Keep in mind
- Higher home prices than the city median
- Limited public transit options
The feel of the placeLifestyle
Residents enjoy a peaceful suburban lifestyle with access to various amenities. Daily life here is family-oriented and community-focused.
Great for families first-time buyers professionals
Within the boundaryWhat's nearby
The boundary
7.8 km²
Every count and every census figure on this page was measured inside this line — not within a circle drawn around a centre point.
13
Parks
17
Playgrounds
2
Grocery stores
11
Restaurants
4
Cafés
1
Gyms
1
Libraries
4
Pharmacies
Counted across all 7.8 km² of Sheridan. From OpenStreetMap, as of 2026-10-26.
The schoolsWhich schools, and how they rate
6.5/10
Average rating of the 1 rated school in this area
6
Elementary
St Francis of Assisi School
Catholic · Grades JK–8 · Dufferin-Peel CDSB
6.5/106.5 over 5 yrs1,231st of 3,045 Ontario elementary schools
425 students · EQAO 2024-2025
Holy Name of Mary College School
Independent
Not rated
Homelands Senior Public School
Public · Grades 6–8 · Peel DSB
Not rated
345 students · EQAO 2024-2025
Oakridge Public School
Public · Grades JK–6 · Peel DSB
Not rated
105 students
Sheridan Park Public School
Public · Grades JK–6 · Peel DSB
Not rated
390 students · EQAO 2024-2025
Thorn Lodge Public School
Public · Grades JK–6 · Peel DSB
Not rated
185 students · EQAO 2024-2025
Ontario Ministry of Education school registry; ratings from the Fraser Institute report card. These are the schools that stand inside Sheridan, not a catchment — most Ontario boards do not publish attendance boundaries, and we will not draw a line we cannot source. Confirm enrolment with the school board before you buy.
The peopleWho lives here
15,168
Population (2021)
7.8 km²
Area
1,948
People per km²
43.8
Median age
$124,441
Median income
68%
Own their home
2.9
People per household
5,185
Households
Every age
- Children (under 15)15.9%
- Working age (15–64)64.3%
- Seniors (65+)19.8%
What is built here
- Detached houses55.1%
- Semi-detached4.4%
- Townhouses8.3%
- Duplexes0.7%
- Low-rise apartments5.4%
- High-rise apartments25.7%
Own or rent
68%Owners
31%Renters
Across 5,185 households
When it was built
Mostly 1961–1980
- 1960 or earlier8%
- 1961–198061%
- 1981–199017%
- 1991–20008%
- 2001–20051%
- 2006–20100%
- 2011–20150%
- 2016–20211%
Share of occupied homes, by the era they were built in. Bars are drawn against the busiest era, not against each other, because the eras are not the same length. The eight shares are unlikely to total exactly 100: Statistics Canada rounds each era's count to the nearest 5 before publishing it, so we print what the census reports rather than adjusting a figure to make the column add up.
- 43.6%
- Born outside Canada
- 39.7%
- Hold a degree or higher
- 52.6%
- Employment rate
- 8.4%
- Commute by transit
- 83.8%
- Commute by car
- 1.9
- Children per family
- $105,787
- Median income after tax
- $153,670
- Average household income
- 9.5%
- Living on a low income
- $1,331/mo
- Renters pay, per month
- $1,678/mo
- Owners pay, per month
- $1,205,604
- Median home value at census
- 24.5%
- Renters spending 30%+ of income on housing
- 18.6%
- Owners spending 30%+ of income on housing
Statistics Canada, Census of Population 2021. Added up from 26 census areas inside the boundary. Medians and rates are a population-weighted average of dissemination-area figures.
Sources: HOMEH listings, Statistics Canada, Census of Population 2021, OpenStreetMap
