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

  • $418,900

    1292 Sorrel Road

    London, Semi-detached

    4 beds2 baths700-1,100 ft²

    MLS® X13525572
  • $499,990

    53 Madeira Drive

    London, Detached

    3+2 beds2 baths700-1,100 ft²

    MLS® X13524376
  • $459,900

    15 Arthur Street

    Lambton Shores, Detached

    3 beds2 baths1,100-1,500 ft²

    MLS® X13521594
  • $389,000

    10 Pegler Street

    London, Detached

    3 beds2 baths1,100-1,500 ft²

    MLS® X13521132
  • $489,999

    59 Adelaide Street S

    London, Detached

    2 beds2 baths1,100-1,500 ft²

    MLS® X13517062
  • Price reduced
    $379,999was $409,999

    6506 Krista Lane

    Rural Southwest Middlesex, Southwest Middlesex, Land

    0 beds0 baths

    MLS® X13516606
  • $499,999

    1319 Wilton Avenue

    London, Detached

    2+1 beds2 baths700-1,100 ft²

    MLS® X13512698
  • $129,900

    Ptlt 11 Isaac Street

    Clinton, Land

    0 beds0 baths

    MLS® X13511466
  • $399,900

    91 Charles Street

    Wingham, Detached

    3 beds1 bath700-1,100 ft²

    MLS® X13509436
  • $379,900Price changed

    1460 Limberlost Road, Unit 5

    London, Condo townhouse

    3 beds2 baths1,200-1,399 ft²

    MLS® X13505982
  • $199,000

    Lot 2 North Street N

    Clinton, Land

    0 beds0 baths

    MLS® X13505462
  • $454,900

    68 Talavera Crescent

    London, Detached

    3+1 beds2 baths700-1,100 ft²

    MLS® X13503506
  • $249,900Price changed

    75049 Hensall Road, Unit 18

    Tuckersmith, Mobile home

    3 beds2 baths700-1,100 ft²

    MLS® X13503268
  • $449,900Price changed

    666 Piccadilly Street

    London, Detached

    3 beds1 bath700-1,100 ft²

    MLS® X13499924
  • $349,900Price changed

    Tbd Queen Street

    Howick, Land

    0 beds0 baths

    MLS® X13499516
  • $386,800

    280 S Queens Avenue, Unit 1

    London, Condo townhouse

    2 beds2 baths1,200-1,399 ft²

    MLS® X13497350
  • $249,900Price changed

    727 Deveron Crescent, Unit 210

    London, Condo

    3 beds2 baths1,000-1,199 ft²

    MLS® X13495250
  • $389,000

    12 Kellestine Drive

    Strathroy, Modular home

    2 beds2 baths1,100-1,500 ft²

    MLS® X13494774

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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