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

  • $274,900

    157 Princess Street

    Lucan, Land

    0 beds0 baths

    MLS® X13625486
  • $489,900Price changed

    9 Buchan Road

    London, Detached

    3+2 beds2 baths700-1,100 ft²

    MLS® X13623882
  • $425,000Price changed

    72 Maple Street

    St. Thomas, Detached

    2 beds2 baths700-1,100 ft²

    MLS® X13623026
  • $439,900

    44703 Perth Line

    Grey, Detached

    5 beds2 baths3,000-3,500 ft²

    MLS® X13622774
  • $449,900Price changed

    237 Thomas Street

    St. Marys, Detached

    3 beds1 bath1,500-2,000 ft²

    MLS® X13621900
  • $350,000

    22681 Thames Road

    Appin, Land

    0 beds0 baths

    MLS® X13621698
  • $147,500Price changed

    1830 Dumont Street, Unit 309

    London, Condo

    1 bed1 bath500-599 ft²

    MLS® X13619000
  • $179,900

    11 Linda Drive

    Seaforth, Land

    0 beds0 baths

    MLS® X13617806
  • $464,000Price changed

    631 Elias Street

    London, Multiplex

    3 beds2 baths1,500-2,000 ft²

    MLS® X13614444
  • $419,900

    57 Doulton Street

    London, Detached

    2 beds1 bath700-1,100 ft²

    MLS® X13611984
  • $419,900Price changed

    38786 B Zurich-Hensall Road

    Hay, Detached

    3 beds3 baths1,100-1,500 ft²

    MLS® X13611738

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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