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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1,212 homes

  • $459,900Price changed

    126 Centre Street

    Hay, Detached

    3+1 beds1 bath1,100-1,500 ft²

    MLS® X13566368
  • Price reduced
    $249,900was $269,900

    188 Furnival Road

    Rodney, Detached

    2 beds2 baths700-1,100 ft²

    MLS® X13565330
  • $364,900

    903 Trafalgar Street N

    London, Detached

    2 beds1 bathUnder 700 ft²

    MLS® X13561424
  • $209,900

    42 Cranberry Drive

    Colborne, Mobile home

    3 beds1 bath700-1,100 ft²

    MLS® X13561248
  • $258,000

    27 Cranberry Drive

    Colborne, Modular home

    2 beds1 bath700-1,100 ft²

    MLS® X13559580
  • $449,900

    52 Woodworth Avenue

    St. Thomas, Detached

    3 beds1 bath700-1,100 ft²

    MLS® X13558190
  • $235,000Price changed

    187 Boullee Street

    London, Condo townhouse

    3+1 beds2 baths1,000-1,199 ft²

    MLS® X13558090
  • Open Sun, Oct 18, 2:00 pm
    $429,900Price changed

    470 Wilkins Street, Unit 70

    London, Condo townhouse

    3 beds2 baths1,200-1,399 ft²

    MLS® X13556106
  • $399,000

    177 Furnival Road

    Rodney, Detached

    2 beds1 bath1,100-1,500 ft²

    MLS® X13555322
  • $359,900

    174 Clarence Street

    London, Detached

    2 beds1 bathUnder 700 ft²

    MLS® X13555244
  • $445,000

    764 King Street

    London, Detached

    3 beds2 baths1,100-1,500 ft²

    MLS® X13555242
  • $498,000

    1548 Richmond Street, Unit 7

    London, Condo townhouse

    4 beds4 baths1,600-1,799 ft²

    MLS® X13551790
  • $225,000Price changed

    8 Cherokee Lane E

    Colborne, Detached

    2 beds2 baths700-1,100 ft²

    MLS® X13549708
  • $279,900

    142 Sandbagger Crescent

    Goderich, Mobile home

    2 beds1 bath700-1,100 ft²

    MLS® X13543318
  • $369,900Price changed

    100 The Promenade, Unit 211

    Port Stanley, Condo

    1 bed2 baths700-799 ft²

    MLS® X13543246

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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