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.

Email me new matches
Map

1,213 homes

  • $309,000Price changed

    595 Third Street, Unit 32

    London, Condo townhouse

    3 beds2 baths1,000-1,199 ft²

    MLS® X13640642
  • $449,900Price changed

    69 Connaught Avenue

    London, Detached

    4+2 beds4 baths1,100-1,500 ft²

    MLS® X13640370
  • $369,900

    9 Bond Street

    Strathroy, Modular home

    2 beds2 baths1,100-1,500 ft²

    MLS® X13640102
  • $384,900

    12 Guildwood Walk

    London, Condo townhouse

    2 beds1 bath900-999 ft²

    MLS® X13638932
  • $450,000Price changed

    11518 Belmont Road

    Rural Central Elgin, Central Elgin, Detached

    4 beds1 bath1,500-2,000 ft²

    MLS® X13638420
  • $482,000

    711 Osgoode Drive, Unit 43

    London, Condo townhouse

    4 beds2 baths1,200-1,399 ft²

    MLS® X13636006
  • $479,000

    526 Alice Street

    Wingham, Multiplex

    5 beds2 baths1,500-2,000 ft²

    MLS® X13635546
  • $429,900

    3900 Savoy Street, Unit 15

    London, Condo townhouse

    2 beds3 baths500-599 ft²

    MLS® X13635334
  • Open Sun, Oct 18, 1:00 pm
    $399,900Price changed

    178 Balaclava Street

    St. Thomas, Detached

    2 beds1 bath700-1,100 ft²

    MLS® X13634294
  • $374,900Price changed

    56 Mitchell Street

    St. Thomas, Detached

    3 beds2 baths1,100-1,500 ft²

    MLS® X13634038
  • $499,000Price changed

    64 Linwood Street

    London, Detached

    4 beds2 baths1,100-1,500 ft²

    MLS® X13633860
  • $349,900

    825 Dundalk Drive, Unit 27

    London, Condo townhouse

    3 beds1 bath900-999 ft²

    MLS® X13631802
  • $339,000

    001 Woodbine Street

    London, Land

    0 beds0 baths

    MLS® X13631372
  • $259,999Price changed

    188 Wharncliffe Road S

    London, Detached

    2 beds2 baths700-1,100 ft²

    MLS® X13630384
  • $199,900

    192 Water Street

    Lucan, Land

    0 beds0 baths

    MLS® X13630380
  • $399,900Price changed

    190 Albert Street

    Clinton, Multiplex

    3+2 beds3 baths2,500-3,000 ft²

    MLS® X13628084
  • $360,000

    151 Martinet Avenue, Unit 11

    London, Condo townhouse

    3 beds2 baths1,000-1,199 ft²

    MLS® X13628064
  • $349,000

    307 Erie Street

    Stratford, Multiplex

    3 beds2 baths1,100-1,500 ft²

    MLS® X13626452
  • $349,900Price changed

    144 Davidson Avenue S

    Listowel, Detached

    4 beds1 bath1,100-1,500 ft²

    MLS® X13625512

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.

Keep looking