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

  • $359,000

    230 Clarke Road, Unit 226

    London, Condo townhouse

    3 beds2 baths1,000-1,199 ft²

    MLS® X13592154
  • $324,900Price changed

    100 The Promenade, Unit 103

    Port Stanley, Condo

    1 bed2 baths700-799 ft²

    MLS® X13591790
  • $325,000Price changed

    10 Quebec Road

    Vanastra, Detached

    3 beds1 bath1,100-1,500 ft²

    MLS® X13590356
  • $499,000Price changed

    10 Chalkstone Drive, Unit 18

    London, Detached

    3 beds3 baths1,200-1,399 ft²

    MLS® X13586150
  • $459,900Price changed

    27 Villeneuve Crescent

    London, Detached

    3 beds2 baths700-1,100 ft²

    MLS® X13585882
  • $474,000

    155 Killarney Road, Unit #5

    London, Condo townhouse

    3 beds2 baths1,400-1,599 ft²

    MLS® X13585766
  • $439,900

    669 Osgoode Drive, Unit 15

    London, Condo townhouse

    3 beds2 baths1,000-1,199 ft²

    MLS® X13585164
  • $349,000

    112 N Centre Road, Unit 59

    London, Condo

    3 beds4 baths1,200-1,399 ft²

    MLS® X13583020
  • $200,000

    112 Victoria Street

    Glencoe, Land

    0 beds0 baths

    MLS® X13582396
  • $399,999Price changed

    440 Wellington Street, Unit 119

    St. Thomas, Condo

    3 beds2 baths1,000-1,199 ft²

    MLS® X13577810
  • $375,000Price changed

    245 Downie Street, Unit 304

    Stratford, Condo

    1 bed1 bath0-499 ft²

    MLS® X13576096
  • Price reduced
    $349,900was $399,900

    4 Park Crescent

    Poplar Hill, Land

    0 beds0 baths

    MLS® X13576010
  • $399,900

    5857 Glendon Drive

    Rural Southwest Middlesex, Southwest Middlesex, Land

    0 beds0 baths

    MLS® X13575242
  • $404,900Price changed

    18 Sauble River Road, Unit 8

    Grand Bend, Condo townhouse

    2 beds3 baths700-799 ft²

    MLS® X13573618
  • $479,000

    29 Julia Court

    London, Semi-detached

    3+2 beds2 baths700-1,100 ft²

    MLS® X13570728
  • $149,900Price changed

    8685 Rock Glen Road, Unit 405

    Arkona, Modular home

    2 beds1 bath700-1,100 ft²

    MLS® X13570656
  • $449,000

    743 Sevilla Park Place

    London, Semi-detached

    3+2 beds2 baths700-1,100 ft²

    MLS® X13569052

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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