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

  • $450,000

    195 Victoria Avenue S

    Listowel, Detached

    3 beds1 bath1,100-1,500 ft²

    MLS® X13796528
  • $497,500Price changed

    320 Culver Place

    London, Detached

    2+1 beds2 baths700-1,100 ft²

    MLS® X13795996
  • $450,000Price changed

    100 The Promenade, Unit 416

    Port Stanley, Condo

    2 beds2 baths1,200-1,399 ft²

    MLS® X13795780
  • $409,000Price changed

    232 West Gore Street

    Stratford, Detached

    3 beds1 bath700-1,100 ft²

    MLS® X13795514
  • $499,900

    615 Talbot Street

    London, Detached

    4 beds1 bath1,100-1,500 ft²

    MLS® X13795254
  • $439,000Price changed

    80256 North Line

    Seaforth, Detached

    3 beds1 bath1,100-1,500 ft²

    MLS® X13794932
  • $499,900Price changed

    14 Alderwood Court

    St. Thomas, Semi-detached

    2+1 beds2 baths1,100-1,500 ft²

    MLS® X13794860
  • Price reduced
    $299,900was $314,900

    570 Proudfoot Lane, Unit 211

    London, Condo

    2 beds2 baths1,000-1,199 ft²

    MLS® X13794512
  • $314,900

    2 Regina Road

    Vanastra, Detached

    2 beds1 bath700-1,100 ft²

    MLS® X13793554
  • $349,900

    188 Pebble Beach Parkway

    Stephen, Modular home

    2 beds1 bath700-1,100 ft²

    MLS® X13793362
  • $409,900

    10111 Herbert Street

    Port Franks, Detached

    2 beds1 bathUnder 700 ft²

    MLS® X13792888
  • $399,900

    131 Sackville Street

    London, Detached

    3 beds2 baths1,100-1,500 ft²

    MLS® X13792608
  • Open Sun, Oct 18, 2:00 pm
    $499,900Price changed

    1061 Eagletrace Drive, Unit 71

    London, Condo townhouse

    3 beds3 baths1,200-1,399 ft²

    MLS® X13791054
  • Open Sun, Oct 18, 12:00 pm
    $429,000

    1870 Evans Boulevard, Unit 14

    London, Condo townhouse

    3 beds4 baths1,600-1,799 ft²

    MLS® X13791022
  • $429,900

    118 Emery Street W

    London, Detached

    3 beds2 baths1,100-1,500 ft²

    MLS® X13790836
  • $249,000Price changed

    9839 Lakeshore Road, Unit 5

    Lambton Shores, Mobile home

    2 beds1 bath1,100-1,500 ft²

    MLS® X13790798
  • $364,900Price changed

    214 Edward Street

    Wingham, Detached

    3 beds1 bath700-1,100 ft²

    MLS® X13790616
  • $499,900

    925 Lawson Road, Unit 17

    London, Condo townhouse

    3 beds2 baths1,000-1,199 ft²

    MLS® X13790176

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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