Georgopoulos Real Estate

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.

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1,212 homes

  • $489,500

    13 Goldenrod Court

    St. Thomas, Detached

    2+1 beds2 baths700-1,100 ft²

    MLS® X13836342
  • $250,000

    62 Clyde Street

    Bluevale, Mobile home

    2 beds1 bath700-1,100 ft²

    MLS® X13836238
  • $259,900Price changed

    1588 Ernest Avenue, Unit 306

    London, Condo

    2 beds1 bath700-799 ft²

    MLS® X13836142
  • $499,000

    26 Joliet Street

    London, Semi-detached

    4 beds2 baths700-1,100 ft²

    MLS® X13835404
  • $269,900

    1090 Kipps Lane, Unit 130

    London, Condo townhouse

    2 beds1 bath600-699 ft²

    MLS® X13835276
  • $299,000

    52 Algonquin Lane

    Colborne, Modular home

    2 beds2 baths700-1,100 ft²

    MLS® X13834604
  • $499,900

    11 Silver Creek Road

    Seaforth, Townhouse

    3 beds3 baths1,100-1,500 ft²

    MLS® X13834194
  • $449,000

    195 Barker Street, Unit 1

    London, Condo townhouse

    3 beds3 baths1,400-1,599 ft²

    MLS® X13834144
  • $485,000

    20 Kernohan Parkway, Unit 23

    London, Condo townhouse

    2+1 beds3 baths1,000-1,199 ft²

    MLS® X13833952
  • $499,900

    37 Emery Street W

    London, Detached

    3+1 beds3 baths700-1,100 ft²

    MLS® X13833930
  • $319,000

    22933 Hagerty Road

    Newbury, Detached

    2 beds1 bath700-1,100 ft²

    MLS® X13833630
  • $479,900

    360 Hale Street

    London, Detached

    2+1 beds3 baths700-1,100 ft²

    MLS® X13833604
  • Open Sat, Oct 24, 12:00 pm
    $464,900

    264 Furnival Road

    Rodney, Detached

    4 beds3 baths1,100-1,500 ft²

    MLS® X13833598
  • $449,900Price changed

    134 Sterling Street

    London, Detached

    3 beds2 baths700-1,100 ft²

    MLS® X13833174
  • $425,000Price changed

    195 Cedar Road

    Crystal Lake, Modular home

    2 beds2 baths1,100-1,500 ft²

    MLS® X13832306
  • $474,900

    143 Mamelon Street

    London, Detached

    3 beds2 baths1,100-1,500 ft²

    MLS® X13830366

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.

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