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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1,213 homes

  • $494,900

    1241 Hamilton Road, Unit 53

    London, Condo townhouse

    2 beds2 baths900-999 ft²

    MLS® X13807944
  • $348,000

    500 Osgoode Drive, Unit 136

    London, Condo townhouse

    3 beds3 baths1,200-1,399 ft²

    MLS® X13806862
  • $449,900

    22383 Adelaide Road

    Mount Brydges, Detached

    2 beds1 bath700-1,100 ft²

    MLS® X13806692
  • $240,000

    689 Barber Avenue, Unit 5

    Listowel, Condo

    2 beds1 bath900-999 ft²

    MLS® X13805234
  • $499,900

    87 Donker Drive, Unit 22

    St. Thomas, Condo townhouse

    2 beds2 baths1,200-1,399 ft²

    MLS® X13804732
  • $442,500

    32 Rattenbury Street W

    Clinton, Detached

    3 beds2 baths1,500-2,000 ft²

    MLS® X13804334
  • $399,900

    9 Ailsa Place, Unit 5

    London, Condo townhouse

    3 beds3 baths1,400-1,599 ft²

    MLS® X13803956
  • $429,900

    103 Edward Street

    London, Detached

    2 beds1 bath700-1,100 ft²

    MLS® X13803780
  • $375,000

    719 Elias Street

    London, Multiplex

    2+2 beds2 baths1,500-2,000 ft²

    MLS® X13803064
  • $399,900Price changed

    16 Grace Court

    Port Burwell, Mobile home

    2 beds2 baths700-1,100 ft²

    MLS® X13802692
  • $499,999

    2082 Lumen Drive, Unit B118

    London, Condo townhouse

    2 beds3 baths1,400-1,599 ft²

    MLS® X13802128
  • $459,000

    353 Shannon Boulevard

    Stephen, Detached

    2 beds2 baths1,500-2,000 ft²

    MLS® X13801998
  • $349,000

    434 English Street

    London, Multiplex

    5 beds1 bath1,500-2,000 ft²

    MLS® X13801742
  • $379,000

    110 Deveron Crescent, Unit 32

    London, Condo townhouse

    3+1 beds2 baths1,000-1,199 ft²

    MLS® X13800508
  • $499,900

    354 Calgary Street

    London, Detached

    4 beds2 baths1,100-1,500 ft²

    MLS® X13800142
  • $325,500

    767 Elias Street N

    London, Detached

    3 beds2 baths1,100-1,500 ft²

    MLS® X13799380
  • $399,900

    86 Salina Street N

    St. Marys, Detached

    3 beds1 bath1,100-1,500 ft²

    MLS® X13799222
  • $299,000Price changed

    59 Elizabeth Street

    St. Thomas, Detached

    3 beds2 baths1,500-2,000 ft²

    MLS® X13798906
  • $283,500

    595 Third Street, Unit 67

    London, Condo townhouse

    3+1 beds3 baths1,200-1,399 ft²

    MLS® X13798396
  • $409,900Price changed

    39 Balmoral Avenue

    London, Detached

    1+1 beds1 bath700-1,100 ft²

    MLS® X13797380

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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