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.

Map

1,211 homes

  • $344,900Price changed

    88 Avonwood Drive, Unit 33

    Stratford, Condo townhouse

    3 beds1 bath1,000-1,199 ft²

    MLS® X13243762
  • $225,000

    7619 Chester Trail

    Port Franks, Land

    0 beds0 baths

    MLS® X13241942
  • $359,900Price changed

    74730 Elm Crescent

    Stanley, Land

    0 beds0 baths

    MLS® X13241390
  • $475,000

    21839 Fairview Road

    Thorndale, Land

    0 beds0 baths

    MLS® X13240996
  • $475,000

    21849 Fairview Road

    Thorndale, Land

    0 beds0 baths

    MLS® X13240984
  • Price reduced
    $374,900was $399,900

    49075 Dexter Line, Unit 4

    Rural Malahide, Malahide, Detached

    3 beds1 bath700-1,100 ft²

    MLS® X13240462
  • $220,000

    2057 William Street

    Howick, Land

    0 beds0 baths

    MLS® X13237798
  • $329,000

    208 Maitland Street

    London, Detached

    4 beds1 bath1,100-1,500 ft²

    MLS® X13237478
  • $299,900Price changed

    22790 Amiens Road, Unit 37

    Rural Middlesex Centre, Middlesex Centre, Modular home

    2 beds1 bath700-1,100 ft²

    MLS® X13237470
  • $176,000

    33833 Hessenland Lane

    Hay, Mobile home

    2 beds1 bathUnder 700 ft²

    MLS® X13233694
  • $329,000Price changed

    664 Wonderland Road S

    London, Condo townhouse

    2 beds2 baths1,000-1,199 ft²

    MLS® X13232370
  • $499,900Price changed

    1850 Beaverbrook Avenue, Unit 80

    London, Condo townhouse

    2 beds3 baths1,000-1,199 ft²

    MLS® X13231294
  • $475,000

    1169 Oxford Street E

    London, Detached

    3 beds3 baths700-1,100 ft²

    MLS® X13231232
  • $479,000Price changed

    1241 Hamilton Road, Unit 64

    London, Condo townhouse

    2+1 beds2 baths900-999 ft²

    MLS® X13210882
  • Price reduced
    $299,900was $309,900

    8275 Goosemarsh Line

    Walden, Land

    0 beds0 baths

    MLS® X13210050
  • $498,000Price changed

    480 Callaway Road, Unit 617

    London, Condo

    1+1 beds2 baths1,000-1,199 ft²

    MLS® X13207076
  • $381,000Price changed

    582 Hill Street

    London, Detached

    3 beds1 bath700-1,100 ft²

    MLS® X13194462
  • $499,900

    94 Lawson Drive

    Exeter, Townhouse

    2 beds2 baths1,100-1,500 ft²

    MLS® X13184918
  • $139,000Price changed

    Lt 78 Drummond Street

    Blyth, Land

    0 beds0 baths

    MLS® X13176316
  • $139,000Price changed

    Lt 79 Drummond Street

    Blyth, Land

    0 beds0 baths

    MLS® X13176258

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.