School House - 2100+ square foot brick building with great curb appeal waiting to be restored. Set on a 171x253 lot on a paved road this substantial building features high ceilings, oversized rooms, a full basement, forced air oil furnace (approx. 2 years old), metal roof, breaker panel, drilled well, and septic (single chamber concrete tank). The one acre lot is mostly treed providing a private setting. Located in Southgate, south west of Dundalk
1 bedroom, 1 bathroom, about 2,000 sq ft, works out to roughly $165 per square foot, the bed-to-bath ratio is generous. Chat with Zara if you'd like a deeper read on whether this detached fits your budget and timing.
Inside 312248 Grey Road 8
Every detail from the listing, in one place.
Type
Detached
Style
Bungalow
Living space
2000-2500 sq ftas stated on the listing
Parking
10 spaces
Basement
Unfinished, Full
Features & systems
Parking & garage
Parking spaces
10
Interior
Basement
Unfinished · Full
Lot & land
Lot size (sqft)
1.03
Listing & possession
Property style
Bungalow
Property class
Detached
312248 Grey Road 8 Price & Sale History
Earlier listings of this property, list-price changes, and the most recent annual property tax on the listing.
For saleListedThis listingMLS® X14147172$329,000
Sourced from MLS®. Includes earlier listings of this property on record.
What's it worth?
How 312248 Grey Road 8 Compares to the Southgate Market
Zara compares it with recent sales of similar homes nearby. It's a guide, not an appraisal.
Independent mortgage broker · OAC · rates subject to change and underwritingMortgage Squad →
Referral disclosure: Summitly may refer you to Mortgage Squad Advisors, an affiliated mortgage partner. You are free to choose any lender or mortgage professional.
Monthly cost
Enter a rate to see the monthly cost
An estimate, not a quote. Utilities and insurance are extra.
Affordability calculator
Estimated monthly payment
$1,616
/mo
based on the purchase price of $329,000
$65,800 cash
$263,200 financed
$221,683 total interest
Principal54%$263,200
Interest46%$221,683
20% down · 25-yr amortization · 5.50% rate. Principal & interest only — taxes, condo fees, and insurance not included.
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Figures are Summitly estimates for illustration only — not from TRREB or the MLS® feed, and not a mortgage approval, appraisal, or financial advice.
Rental income potential
Est. monthly rent
low–high
Gross yield
rent × 12 ÷ price
Cap rate (est.)
net of tax + fees
Summitly AI estimate for discussion only — not from TRREB or the MLS® feed, and not an appraisal or investment advice. Yield and cap rate are derived from the estimated rent versus the asking price.
For homeowners nearby
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Mortgage financing is arranged through Mortgage Squad Advisors. Summitly is the technology platform that powers this site. Estimated values, AI insights, calculator results, and rental projections shown on this page are generated by Summitly and are not provided by, reviewed by, or sourced from TRREB, the MLS®, or the listing brokerage; they are not appraisals or opinions of value. The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by the Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The Coldwell Banker® name and logo are trademarks of Coldwell Banker Real Estate LLC.
Similar homes for sale nearby in Southgate
Other 2–3 bed homes for sale in Southgate around $329K.
Average days on market44Homes sold in about 44 days on average.
Sale-to-list ratio1422542.6%On average, homes sold at or above asking.
Active listings114Homes for sale here right now.
Median vs prior 90 days+17.7%Compared with May 8 – Aug 6, 2026: prices up.
Based on 49 sales from Aug 6 – Nov 4, 2026 (49 in the prior 90 days). Aggregate MLS® figures for closed sales; individual sold prices are shown only to signed-in members.
Questions About 312248 Grey Road 8
How much is 312248 Grey Road 8 listed for?
312248 Grey Road 8 is listed at $329,000 (MLS® X14147172). Summitly updates the price as soon as the MLS® record changes.
Is $329,000 a good price for 312248 Grey Road 8?
Summitly rates it Excellent Deal: the asking price is 10% or more below Zara's estimate, an estimate built from recent sales in Southgate. The rating is an automated opinion, not an appraisal; "What's it worth?" on this page shows how it is worked out. See Zara's estimate
Has the price of 312248 Grey Road 8 changed?
No — 312248 Grey Road 8 is still listed at its original asking price of $329,000.
How many bedrooms and bathrooms does 312248 Grey Road 8 have?
312248 Grey Road 8 has 1 bedroom and 1 bathroom, with about 2,000–2,500 square feet of living space. It is a detached home in Southgate.
How much would the monthly mortgage be on 312248 Grey Road 8?
About $1,616 a month — principal and interest on $329,000 with 20% down ($65,800), a 25-year amortization and an assumed 5.5% interest rate. The mortgage calculator on this page lets you change the down payment, amortization and rate.
How does 312248 Grey Road 8 compare with other homes in Southgate?
Its asking price of $329,000 is about 51% below the median sold price in Southgate over the last 90 days, $665,000, across 49 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.
Has 312248 Grey Road 8 been sold before?
Summitly has no earlier MLS® sale or lease of 312248 Grey Road 8 on record from the last two years. Older records aren't shown under TRREB rules.
Where is 312248 Grey Road 8?
312248 Grey Road 8 is in Southgate, ON. Schools, transit, parks and shops nearby are under Location & lifestyle on this page.
How long has 312248 Grey Road 8 been on the market?
312248 Grey Road 8 was listed today (November 4, 2026).
What is the price per square foot of 312248 Grey Road 8?
About $132 to $165 per square foot: the asking price of $329,000 over the 2,000–2,500 sq ft the listing gives as its size range.
Does 312248 Grey Road 8 have parking or a garage?
Yes — the listing gives 10 parking spaces.
Does 312248 Grey Road 8 have a basement, and is it finished?
The listing describes the basement as: Unfinished, Full.
