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

  • $408,888Price changed

    280 Queens Avenue S, Unit 401

    London, Condo

    2 beds2 baths1,200-1,399 ft²

    MLS® X13493686
  • $399,900

    594 Highbury Avenue N

    London, Detached

    2+1 beds2 baths700-1,100 ft²

    MLS® X13493530
  • $399,500Price changed

    1001 Oxford Street E

    London, Multiplex

    2 beds3 baths700-1,100 ft²

    MLS® X13491846
  • $449,900Price changed

    7 Windward Way S

    Colborne, Detached

    2 beds2 baths1,100-1,500 ft²

    MLS® X13485104
  • $424,900

    7079 Beattie Street

    London, Land

    0 beds0 baths

    MLS® X13483564
  • $199,900

    63 London Road

    Hensall, Land

    0 beds0 baths

    MLS® X13480538
  • $199,900

    61 London Road

    Hensall, Land

    0 beds0 baths

    MLS® X13480484
  • $329,900Price changed

    1042 Dearness Drive

    London, Land

    0 beds0 baths2,500-3,000 ft²

    MLS® X13478680
  • $470,000

    1762 Aldersbrook Road

    London, Semi-detached

    3 beds2 baths1,100-1,500 ft²

    MLS® X13478504
  • $484,999Price changed

    626 Lorne Avenue

    London, Multiplex

    4 beds2 baths1,100-1,500 ft²

    MLS® X13472384
  • $374,900

    1775 Culver Drive, Unit 172

    London, Condo townhouse

    3 beds2 baths1,000-1,199 ft²

    MLS® X13471766
  • $145,000Price changed

    76735 Wildwood Line, Unit 425

    Stanley, Mobile home

    2 beds1 bathUnder 700 ft²

    MLS® X13470750
  • $299,000Price changed

    549 Ridout Street N, Unit 702

    London, Condo

    2 beds1 bath1,200-1,399 ft²

    MLS® X13470190
  • $275,000

    1018 Currie Street

    Howick, Land

    0 beds0 baths

    MLS® X13466248
  • $275,000

    1020 Currie Street

    Howick, Land

    0 beds0 baths

    MLS® X13466222
  • $275,000

    1016 Currie Street

    Howick, Land

    0 beds0 baths

    MLS® X13466184
  • $275,000

    1022 Currie Street

    Howick, Land

    0 beds0 baths

    MLS® X13466172
  • $385,000Price changed

    1263 Sorrel Road

    London, Semi-detached

    0+2 beds2 bathsUnder 700 ft²

    MLS® X13465736
  • $379,900Price changed

    3345 Gore Road

    Dorchester, Land

    0 beds0 baths

    MLS® X13462816

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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