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

  • $468,800

    22 Rosamond Crescent

    London, Semi-detached

    3 beds2 baths1,100-1,500 ft²

    MLS® X13680904
  • $279,900

    48 Kippen Road

    Egmondville, Detached

    3 beds2 baths1,500-2,000 ft²

    MLS® X13679198
  • $269,900

    34 Broadway Street

    Newbury, Detached

    2 beds1 bath700-1,100 ft²

    MLS® X13678460
  • $425,000Price changed

    169 Wellington Street

    St. Thomas, Detached

    4 beds2 baths1,100-1,500 ft²

    MLS® X13678034
  • $285,000Price changed

    28 Iroquois Lane

    Colborne, Mobile home

    2 beds2 baths700-1,100 ft²

    MLS® X13677684
  • Price reduced
    $217,900was $224,900

    511 Gainsborough Road, Unit 307

    London, Condo

    2 beds1 bath800-899 ft²

    MLS® X13677468
  • $425,000Price changed

    84 Redan Street

    St. Thomas, Detached

    2 beds1 bath700-1,100 ft²

    MLS® X13677450
  • Open Sun, Oct 18, 11:00 am
    $434,900Price changed

    7 Fanjoy Drive

    St. Thomas, Semi-detached

    3 beds2 baths700-1,100 ft²

    MLS® X13676450
  • $379,900

    110 Monmore Road

    London, Condo townhouse

    3 beds3 baths1,200-1,399 ft²

    MLS® X13675726
  • $159,900

    290 Carling Street

    Exeter, Land

    0 beds0 baths

    MLS® X13674916
  • $429,000Price changed

    1025 York Street

    London, Detached

    3 beds1 bath700-1,100 ft²

    MLS® X13674466
  • $490,000Price changed

    55716 Main Street

    Straffordville, Detached

    2+1 beds3 baths1,100-1,500 ft²

    MLS® X13673728
  • $350,000

    757 Berkshire Drive

    London, Condo townhouse

    4 beds3 baths1,600-1,799 ft²

    MLS® X13672322
  • Price reduced
    $349,900was $374,900

    320 Sugarcreek Trail, Unit 109

    London, Condo

    2 beds1 bath1,000-1,199 ft²

    MLS® X13670640
  • $329,000

    51 Side Street

    Seaforth, Detached

    2 beds1 bath1,100-1,500 ft²

    MLS® X13670612
  • $359,000

    6 Garden Road

    Colborne, Modular home

    2 beds1 bath1,100-1,500 ft²

    MLS® X13668416
  • $315,500

    21 Fairview Crescent

    Listowel, Modular home

    3 beds1 bath700-1,100 ft²

    MLS® X13668178
  • $297,500Price changed

    690 Little Grey Street, Unit 116

    London, Condo townhouse

    3 beds2 baths1,000-1,199 ft²

    MLS® X13667270
  • $489,900Price changed

    6659 Plank Road

    Rural Bayham, Bayham, Semi-detached

    2+1 beds2 baths1,100-1,500 ft²

    MLS® X13665030

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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