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

  • New
    $472,478

    520 Orr Street, Unit 12

    Stratford, Vacant Land Condo

    3 beds3 baths1,200-1,399 ft²

    MLS® X13882876
  • New
    $299,000

    40 Algonquin Lane

    Colborne, Modular home

    2 beds2 baths1,100-1,500 ft²

    MLS® X13882578
  • New
    $349,900

    30 Chapman Court, Unit 1204

    London, Condo

    2 beds2 baths1,000-1,199 ft²

    MLS® X13882544
  • Open Sun, Oct 18, 2:00 pm
    $449,900

    180 Forest Avenue

    St. Thomas, Detached

    2 beds2 baths700-1,100 ft²

    MLS® X13882314
  • New
    $449,800

    79 Brydges Street

    Stratford, Detached

    2 beds1 bath700-1,100 ft²

    MLS® X13882104
  • New
    $399,000

    272 Homestead Court N, Unit 101

    London, Condo townhouse

    3+1 beds3 baths1,200-1,399 ft²

    MLS® X13881830
  • New
    $415,000

    700 Osgoode Drive, Unit 196

    London, Condo townhouse

    4 beds2 baths1,400-1,599 ft²

    MLS® X13881654
  • Open Sat, Oct 17, 2:00 pm
    $499,900

    8 Edna Street

    London, Detached

    3+1 beds2 baths700-1,100 ft²

    MLS® X13880024
  • $369,000

    612 Wilkins Street

    London, Condo townhouse

    2 beds3 baths1,200-1,399 ft²

    MLS® X13879932
  • $449,900

    3 Margaret Street

    St. Thomas, Detached

    5 beds2 baths1,500-2,000 ft²

    MLS® X13879898
  • $414,900

    301 Main Street

    Parkhill, Detached

    3 beds1 bath700-1,100 ft²

    MLS® X13879876
  • $344,900

    1443 Huron Street, Unit 2

    London, Condo townhouse

    3 beds2 baths1,000-1,199 ft²

    MLS® X13879836
  • Open Sun, Oct 18, 2:00 pm
    $399,900

    22 Hemlock Street

    St. Thomas, Detached

    3 beds1 bath1,100-1,500 ft²

    MLS® X13879764
  • $475,000

    37 Fifth Avenue

    St. Thomas, Detached

    2+1 beds2 baths700-1,100 ft²

    MLS® X13879226
  • $375,900Price changed

    3200 Singleton Avenue, Unit 11

    London, Condo townhouse

    3 beds2 baths1,400-1,599 ft²

    MLS® X13878934
  • $450,000

    2140 Meadowgate Boulevard

    London, Condo townhouse

    4 beds4 baths1,200-1,399 ft²

    MLS® X13878890
  • $499,000

    5 Cadeau Terrace, Unit 17

    London, Condo townhouse

    2 beds3 baths1,600-1,799 ft²

    MLS® X13878592
  • $474,900

    1024 Jalna Boulevard

    London, Detached

    3 beds2 baths1,100-1,500 ft²

    MLS® X13878496
  • $499,900

    380 Livingstone Avenue N

    Listowel, Detached

    4 beds2 baths1,100-1,500 ft²

    MLS® X13878124
  • $489,900

    42 Stroud Crescent

    London, Detached

    3 beds2 baths700-1,100 ft²

    MLS® X13878018
  • $499,900

    21 Juno Drive

    St. Thomas, Detached

    3 beds2 baths700-1,100 ft²

    MLS® X13877944

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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