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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1,225 homes

  • New
    $499,900

    60 Wexford Avenue

    London, Detached

    3+1 beds2 baths700-1,100 ft²

    MLS® X14085456
  • New
    $389,500

    1 Britton Drive

    St. Thomas, Detached

    2 beds2 baths700-1,100 ft²

    MLS® X14085278
  • Open Sat, Oct 17, 2:00 pm
    $470,000

    246 Patricia Road

    Stratford, Semi-detached

    3 beds2 baths1,100-1,500 ft²

    MLS® X14085240
  • Open Sat, Oct 24, 12:00 pm
    $439,000

    1 Trafalgar Street

    St. Thomas, Detached

    3 beds1 bath1,100-1,500 ft²

    MLS® X14085094
  • New
    $499,900

    114 Hearthside Place

    London, Detached

    3 beds2 baths1,100-1,500 ft²

    MLS® X14084900
  • New
    $469,000

    666 St James Street

    London, Detached

    3 beds1 bath700-1,100 ft²

    MLS® X14084478
  • New
    $500,000

    234 Cornell Drive

    Port Stanley, Detached

    3 beds1 bath700-1,100 ft²

    MLS® X14084330
  • New
    $424,988

    801 Osgoode Drive, Unit 62

    London, Condo townhouse

    3+1 beds2 baths1,200-1,399 ft²

    MLS® X14084250
  • Open Sat, Oct 17, 11:00 am
    $499,900

    605 Kingsway Avenue

    London, Detached

    3 beds1 bath700-1,100 ft²

    MLS® X14084236
  • New
    $399,900

    50 Chapman Court, Unit 36

    London, Condo townhouse

    3 beds2 baths1,200-1,399 ft²

    MLS® X14083150
  • New
    $322,700

    7 Picton Street, Unit 501

    London, Condo

    2 beds2 baths1,400-1,599 ft²

    MLS® X14082608
  • New
    $485,000

    18 Weir Crescent

    St. Thomas, Semi-detached

    3+1 beds3 baths1,100-1,500 ft²

    MLS® X14082114
  • New
    $499,000

    27 Toulon Crescent

    London, Detached

    3+1 beds2 baths1,500-2,000 ft²

    MLS® X14081930
  • Open Sun, Oct 18, 11:00 am
    $449,900

    282 Ross Street

    St. Thomas, Detached

    3 beds3 baths1,500-2,000 ft²

    MLS® X14081722
  • New
    $399,900

    105 Andover Drive, Unit 36

    London, Condo townhouse

    2+1 beds2 baths1,000-1,199 ft²

    MLS® X14081602
  • New
    $469,900

    235 Homestead Crescent

    London, Semi-detached

    3 beds3 baths1,100-1,500 ft²

    MLS® X14081172
  • New
    $349,900

    1725 Ernest Avenue, Unit 108

    London, Condo townhouse

    3+1 beds2 baths1,400-1,599 ft²

    MLS® X14081006
  • Open Sun, Oct 18, 1:00 pm
    $499,900

    1030 Oakcrossing Gate, Unit 45

    London, Condo townhouse

    3 beds4 baths1,400-1,599 ft²

    MLS® X14080818
  • Open Sat, Oct 17, 2:00 pm
    $399,900

    33 Glenwood Avenue E

    London, Detached

    3 beds2 baths700-1,100 ft²

    MLS® X14080318
  • New
    $405,900

    1250 Jalna Boulevard, Unit 6

    London, Condo townhouse

    3 beds2 baths1,200-1,399 ft²

    MLS® X14080228
  • New
    $499,900

    5969 Townsend Line, Unit 21

    Forest, Townhouse

    2 beds2 baths1,500-2,000 ft²

    MLS® X14080156

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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