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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1,225 homes

  • Open Sun, Oct 18, 1:00 pm
    $479,900

    529 Highbury Avenue N

    London, Detached

    2+3 beds2 baths700-1,100 ft²

    MLS® X14030374
  • New
    $484,900

    10 David Drive

    St. Thomas, Detached

    3 beds2 baths1,500-2,000 ft²

    MLS® X14030346
  • Open Sun, Oct 18, 2:00 pm
    $454,900

    1600 Mickleborough Drive, Unit 68

    London, Condo townhouse

    3 beds3 baths1,200-1,399 ft²

    MLS® X14030342
  • Open Sat, Oct 17, 1:00 pm
    $459,900

    1064 Mill Street

    Howick, Detached

    4 beds2 baths1,500-2,000 ft²

    MLS® X14030228
  • New
    $349,000

    27754 Kerwood Road

    Kerwood, Detached

    2 beds1 bath700-1,100 ft²

    MLS® X14030156
  • Open Sun, Oct 18, 4:00 pm
    $419,900

    33 Mill Road

    Stanley, Detached

    3 beds1 bath2,000-2,500 ft²

    MLS® X14029718
  • New
    $489,000

    7428 Hacienda Road

    Rural Malahide, Malahide, Land

    0 beds0 baths

    MLS® X14029622
  • New
    $379,000

    71 Nelson Street

    Hensall, Detached

    2+1 beds2 baths1,100-1,500 ft²

    MLS® X14029148
  • New
    $400,000

    600 Talbot Street, Unit 301

    London, Condo

    2 beds2 baths1,400-1,599 ft²

    MLS® X14028642
  • New
    $449,000

    55 Briscoe Street W

    London, Detached

    2 beds2 baths1,100-1,500 ft²

    MLS® X14028216
  • Open Sat, Oct 17, 2:00 pm
    $499,900

    375 Mitchell Road S, Unit 27

    Elma, Condo

    2 beds2 baths1,200-1,399 ft²

    MLS® X14027600
  • New
    $389,900

    511 Admiral Drive, Unit 59

    London, Condo townhouse

    3 beds2 baths1,200-1,399 ft²

    MLS® X14027500
  • New
    $368,900

    442 Burdick Place

    London, Detached

    3 beds1 bath700-1,100 ft²

    MLS® X14026324
  • New
    $339,900

    51 Sholto Drive, Unit 42

    London, Condo townhouse

    3 beds2 baths1,200-1,399 ft²

    MLS® X14022474
  • New
    $299,000

    550 Second Street, Unit 52

    London, Condo townhouse

    3 beds3 baths1,200-1,399 ft²

    MLS® X14022018
  • New
    $339,900

    1247 Huron Street, Unit 111

    London, Condo townhouse

    2+1 beds2 baths900-999 ft²

    MLS® X14018578
  • New
    $375,000

    13 Springbank Drive

    London, Multiplex

    6 beds2 baths1,500-2,000 ft²

    MLS® X14014374
  • New
    $459,900

    10 Meda Street

    St. Thomas, Detached

    4 beds3 baths2,000-2,500 ft²

    MLS® X14013928

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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