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

  • $479,900

    2056 Mill Street E

    Howick, Detached

    3 beds3 baths1,100-1,500 ft²

    MLS® X13789860
  • $414,000

    229 St Julien Street

    London, Detached

    3 beds2 baths1,100-1,500 ft²

    MLS® X13789684
  • $475,000Price changed

    1500 Richmond Street, Unit 25

    London, Condo townhouse

    2 beds3 baths1,400-1,599 ft²

    MLS® X13788712
  • $465,000

    90 Rowe Avenue

    Exeter, Townhouse

    2 beds2 baths700-1,100 ft²

    MLS® X13788540
  • $370,000Price changed

    66 Adelaide Street S

    London, Detached

    6 beds3 baths1,500-2,000 ft²

    MLS® X13787638
  • $340,000

    78 East Street

    St. Thomas, Detached

    3 beds2 baths1,100-1,500 ft²

    MLS® X13787524
  • $349,000Price changed

    68 Cherokee Lane

    Colborne, Modular home

    2 beds2 baths1,100-1,500 ft²

    MLS® X13787508
  • $499,000

    9 Forward Avenue

    London, Detached

    2+1 beds2 baths700-1,100 ft²

    MLS® X13787434
  • $415,000

    1942 Duluth Crescent

    London, Detached

    3+4 beds2 baths700-1,100 ft²

    MLS® X13786724
  • $59,900

    24749 Park Street

    Strathroy, Mobile home

    2 beds1 bath700-1,100 ft²

    MLS® X13786428
  • Open Mon, Oct 19, 6:00 pm
    $499,900

    480 Mowat Street E

    Listowel, Semi-detached

    3 beds2 baths1,100-1,500 ft²

    MLS® X13785842
  • $430,000Price changed

    15 Cutter Street

    Clinton, Detached

    3 beds2 baths1,500-2,000 ft²

    MLS® X13785736
  • $449,900

    11 Marchant Street

    Aylmer, Detached

    3 beds2 baths700-1,100 ft²

    MLS® X13784208
  • $289,900

    155 Kent Street, Unit 1105

    London, Condo

    2 beds2 baths1,000-1,199 ft²

    MLS® X13783934
  • $389,900

    687 Cheapside Street

    London, Detached

    2+1 beds2 baths700-1,100 ft²

    MLS® X13783866
  • Open Sun, Oct 18, 2:00 pm
    $499,900Price changed

    59 Pennybrook Crescent, Unit 36

    London, Detached

    3 beds2 baths900-999 ft²

    MLS® X13783846
  • $459,900Price changed

    24 Maclellan Drive

    Tuckersmith, Detached

    3 beds1 bath1,500-2,000 ft²

    MLS® X13783730
  • $369,999Price changed

    52 Fairview Crescent

    Listowel, Other

    3 beds2 baths1,200-1,399 ft²

    MLS® X13783398
  • $299,900

    112 Marlborough Avenue

    London, Semi-detached

    3 beds2 baths1,100-1,500 ft²

    MLS® X13782500

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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