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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1,210 homes

  • $455,900Price changed

    10267 Daniel Avenue

    Lambton Shores, Land

    0 beds0 baths

    MLS® X13067436
  • $486,900

    58 Stoss Street

    Rural Southwold, Southwold, Townhouse

    3 beds3 baths1,500-2,000 ft²

    MLS® X13064964
  • $473,500

    60 Stoss Street

    Rural Southwold, Southwold, Townhouse

    3 beds3 baths1,500-2,000 ft²

    MLS® X13064962
  • $473,500

    62 Stoss Street

    Rural Southwold, Southwold, Townhouse

    3 beds3 baths1,500-2,000 ft²

    MLS® X13064960
  • $319,000

    14 Garden Road

    Colborne Twp, Modular home

    2 beds2 baths1,100-1,500 ft²

    MLS® X13059600
  • $399,900

    11 Goshen Street N

    Zurich, Detached

    5 beds3 baths3,500-5,000 ft²

    MLS® X13057766
  • $369,995

    1 Rathgar Street

    London, Detached

    4 beds2 baths1,500-2,000 ft²

    MLS® X13055838
  • $369,995

    1 Rathgar Street

    London, Multiplex

    4 beds2 baths1,500-2,000 ft²

    MLS® X13055766
  • $499,900Price changed

    445 Riverside Drive, Unit 4

    London, Condo townhouse

    2 beds2 baths1,200-1,399 ft²

    MLS® X13048294
  • $249,900

    36 Third Avenue

    St. Thomas, Land

    0 beds0 baths

    MLS® X13030968
  • $485,000Price changed

    3593 Concession Drive

    Glencoe, Detached

    4 beds3 baths1,500-2,000 ft²

    MLS® X13029230
  • $379,900Price changed

    80 Acorn Crescent, Unit 3

    London, Condo townhouse

    3 beds2 baths1,000-1,199 ft²

    MLS® X13024370
  • $388,800

    121 Riverside Drive

    London, Land

    0 beds0 baths

    MLS® X13017602
  • $399,000

    Lot 3 Medway Road

    Ballymote, Land

    0 beds0 baths

    MLS® X13000946
  • $499,900

    3202 Vivian Line, Unit Unit 42

    Stratford, Condo townhouse

    2 beds2 baths1,400-1,599 ft²

    MLS® X12996108

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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