Homes for sale under $500,000 in London and area

Every home listed at $500,000 or less across London and the towns around it, mostly condo apartments, townhouses and smaller houses. At $500,000 the minimum down payment is $25,000, and a first-time buyer's Ontario land transfer tax on a $500,000 home is $2,475 after the refund. London has no municipal land transfer tax.

Map

1,212 homes

  • $339,900Price changed

    78 Stuart Street

    London, Detached

    2 beds1 bath700-1,100 ft²

    MLS® X13845946
  • $449,900

    791 Quebec Street

    London, Detached

    3+2 beds2 baths1,500-2,000 ft²

    MLS® X13845774
  • Open Sun, Oct 18, 12:00 pm
    $499,900Price changed

    11475 Plank Road

    Eden, Detached

    4 beds2 baths1,500-2,000 ft²

    MLS® X13845606
  • $329,900

    825 Dundalk Drive, Unit 81

    London, Condo townhouse

    2 beds1 bath700-799 ft²

    MLS® X13845138
  • $399,900

    3202 Vivian Line, Unit 47

    Stratford, Condo

    2 beds1 bath800-899 ft²

    MLS® X13845022
  • $389,900

    49 Main Street N

    Seaforth, Detached

    4 beds2 baths1,500-2,000 ft²

    MLS® X13844954
  • $429,900

    3202 Vivian Line, Unit 48

    Stratford, Condo

    1 bed1 bath900-999 ft²

    MLS® X13844886
  • $479,900

    33 Bayfield Street

    Egmondville, Detached

    3 beds1 bath1,500-2,000 ft²

    MLS® X13844604
  • $299,000

    4 Joann Street

    Middlemiss, Land

    0 beds0 baths

    MLS® X13843808
  • $459,900

    3202 Vivian Line, Unit 49

    Stratford, Condo

    1 bed1 bath900-999 ft²

    MLS® X13843584
  • $419,900

    354 Base Line Road W

    London, Semi-detached

    3 beds1 bath700-1,100 ft²

    MLS® X13843472
  • $339,900

    44 Arbour Glen Crescent

    London, Condo townhouse

    2 beds1 bath900-999 ft²

    MLS® X13843268
  • $439,900

    195 Barker Street, Unit 26

    London, Condo townhouse

    3 beds3 baths1,400-1,599 ft²

    MLS® X13843018
  • $424,999

    23014 Springwell Road

    Rural Strathroy-Caradoc, Strathroy-Caradoc, Detached

    2 beds1 bath1,100-1,500 ft²

    MLS® X13843004
  • $499,900

    242 Burlington Street

    London, Detached

    3 beds1 bath700-1,100 ft²

    MLS® X13842860
  • $499,900

    9 Union Street E

    Arkona, Detached

    3 beds2 baths1,100-1,500 ft²

    MLS® X13842684
  • $499,900

    109-30 Croatia Road

    London, Land

    3 beds3 baths1,100-1,500 ft²

    MLS® X13842666
  • Open Sun, Oct 18, 2:00 pm
    $479,900Price changed

    44 South Edgeware Road

    St. Thomas, Detached

    4 beds2 baths1,100-1,500 ft²

    MLS® X13842620
  • $399,000

    32 West Avenue W

    St. Thomas, Detached

    4 beds2 baths1,500-2,000 ft²

    MLS® X13842228
  • $229,000

    79681 Bluewater Highway

    Goderich, Mobile home

    2 beds1 bath700-1,100 ft²

    MLS® X13841682

First home? Start with what first-time buyers can claim and run the affordability calculator, then see what your budget buys neighbourhood by neighbourhood.

Listing data provided under copyright by the London and St. Thomas Association of REALTORS® and other participating boards via PropTx Amplify Syndication. Information is deemed reliable but not guaranteed accurate. Only active listings are shown.

Questions about under $500k

Why do some listings here show a very low price?

Occasionally a listing is a parking space, a lot, a mobile home on leased land or has a placeholder price. Open the listing for the details, or ask us.

What is the minimum down payment at $500,000?

5% of the first $500,000, so $25,000, with mortgage default insurance when you put down less than 20%. The CMHC insurance calculator shows the premium.

Are homes outside London included?

Yes. It covers the towns around the city too, from St. Thomas to Stratford. Use the filters to narrow it to one town, a London neighbourhood or a home type.

How much land transfer tax is there on a $400,000 home?

$4,475 in Ontario land transfer tax. A qualifying first-time buyer gets $4,000 back and pays $475, and London has no municipal land transfer tax. Try other prices in the land transfer tax calculator.