$199,900
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.
1,210 homes
$179,900Price changed
$199,900
$199,900
$199,900
$189,900
$189,900
$199,900
$199,900
$199,900
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$249,900
$199,900
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$199,900
$189,900
$189,900
$189,900
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$299,900
$477,500Price changed
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.
Keep looking
- CondosEvery condo apartment and condo townhouse for sale across London and the towns around it
- New this weekEvery home listed for sale in the last seven days across London and the towns around it, newest first
- Price reducedHomes whose asking price has actually come down, either shown on the listing itself or seen by us while the home has been for sale
- Condos for sale in London