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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1,211 homes

  • $399,000Price changed

    9 Ailsa Place, Unit 86

    London, Condo townhouse

    3+1 beds4 baths1,200-1,399 ft²

    MLS® X13459936
  • $459,000

    261 Winnipeg Street

    London, Detached

    2 beds3 baths700-1,100 ft²

    MLS® X13457190
  • $305,000

    33 Murray Court, Unit 5

    Milverton, Condo

    2 beds2 baths800-899 ft²

    MLS® X13456372
  • $299,000

    Pt Lt 3 Lanesville Line

    Ashfield, Land

    0 beds0 baths50 acres

    MLS® X13452326
  • $360,000

    51 Devon Drive

    Exeter, Townhouse

    2 beds2 baths1,100-1,500 ft²

    MLS® X13450936
  • $474,900Price changed

    40751 Londesboro Road

    Hullett, Detached

    1 bed1 bath700-1,100 ft²

    MLS® X13448732
  • $274,900Price changed

    75 Huxley Street, Unit 401

    London, Condo

    2 beds1 bath800-899 ft²

    MLS® X13445902
  • $364,900Price changed

    450 Pond Mills Road, Unit 2

    London, Condo townhouse

    3+1 beds2 baths1,000-1,199 ft²

    MLS® X13443232
  • Price reduced
    $499,000was $539,900

    807 Kleinburg Drive, Unit 9

    London, Condo townhouse

    3 beds3 baths1,200-1,399 ft²

    MLS® X13441212
  • $419,000

    30 Argyle Street

    Forest, Detached

    4 beds2 baths1,100-1,500 ft²

    MLS® X13439008
  • $245,000Price changed

    10 Henry Street

    St. Thomas, Detached

    3 beds2 baths700-1,100 ft²

    MLS® X13433472
  • Price reduced
    $499,900was $549,900

    808 Dulaney Drive

    London, Detached

    2+1 beds2 baths1,100-1,500 ft²

    MLS® X13430506
  • $208,000Price changed

    1830 Dumont Street, Unit 101

    London, Condo

    2 beds1 bath700-799 ft²

    MLS® X13422744
  • $299,999Price changed

    832 Queens Avenue

    London, Detached

    1 bed1 bath700-1,100 ft²

    MLS® X13421588
  • $399,999

    99 Toulon Crescent

    London, Condo townhouse

    3+1 beds2 baths1,200-1,399 ft²

    MLS® X13417022
  • Price reduced
    $474,900was $489,900

    3900 Savoy Street, Unit 7

    London, Condo townhouse

    2 beds3 baths500-599 ft²

    MLS® X13410246
  • Price reduced
    $270,000was $289,900

    263 Butler Street, Unit 104

    Lucan, Condo

    1 bed1 bath500-599 ft²

    MLS® X13265016

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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