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

1,225 homes

  • $229,900

    Lot 21 Wellington Street

    Ashfield, Land

    0 beds0 bathsUnder 700 ft²

    MLS® X12641598
  • $379,900Price changed

    101 Cecilia Avenue

    London, Semi-detached

    3 beds2 baths700-1,100 ft²

    MLS® X12599080
  • $399,900Price changed

    99 Cecilia Avenue

    London, Semi-detached

    3 beds2 baths700-1,100 ft²

    MLS® X12599074
  • $409,900

    81338 Westmount Line

    Colborne, Land

    0 beds0 baths

    MLS® X12518826
  • $325,000

    7011 Blue Coast Heights

    Plympton Wyoming, Land

    0 beds0 baths

    MLS® X12498174
  • $399,900

    78 Queen Street

    Komoka, Land

    0 beds0 baths

    MLS® X12496836
  • $309,900

    1050 Walton Avenue N

    Wallace, Land

    0 beds0 bathsUnder 700 ft²

    MLS® X12467498
  • $309,900

    1052 Walton Avenue N

    Wallace, Land

    0 beds0 bathsUnder 700 ft²

    MLS® X12467497
  • $309,900

    1048 Walton Avenue N

    Wallace, Land

    0 beds0 bathsUnder 700 ft²

    MLS® X12467496
  • $369,900

    81289 (Lot 15) Fern Drive

    Goderich (Town), Goderich, Land

    0 beds0 baths

    MLS® X12463798
  • $240,000

    164 Catherine Street

    Parkhill, Land

    0 beds0 baths

    MLS® X12423441
  • $225,000Price changed

    18 Sutton Drive

    Colborne, Mobile home

    2 beds1 bath700-1,100 ft²

    MLS® X12421525
  • $499,000

    306 Douro Street

    Stratford, Multiplex

    4 beds2 baths1,500-2,000 ft²

    MLS® X12382602
  • $169,900

    780 Bryans Drive

    Brussels, Land

    0 beds0 bathsUnder 700 ft²

    MLS® X12159354
  • $179,900

    776 Bryans Drive

    Brussels, Land

    0 beds0 bathsUnder 700 ft²

    MLS® X12159351
  • $179,900

    772 Bryans Drive

    Brussels, Land

    0 beds0 bathsUnder 700 ft²

    MLS® X12159349
  • $149,900

    Lot 1 Bryans Drive

    Brussels, Land

    0 beds0 bathsUnder 700 ft²

    MLS® X12159332
  • $369,900

    3180 Rd 122

    Downie, Land

    0 beds0 bathsUnder 700 ft²

    MLS® X12101423
  • $489,900Price changed

    119 Rowe Avenue

    Exeter, Townhouse

    2 beds2 baths1,100-1,500 ft²

    MLS® X12041447

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.