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

  • $499,000

    24 Hyde Road

    Stratford, Townhouse

    3 beds3 baths1,100-1,500 ft²

    MLS® X13864480
  • $199,900

    192 Church Street

    Ailsa Craig, Land

    0 beds0 baths

    MLS® X13864424
  • $410,000

    511 Admiral Drive, Unit 49

    London, Condo townhouse

    3 beds3 baths1,000-1,199 ft²

    MLS® X13863810
  • $484,900

    7 Raven Avenue

    St. Thomas, Detached

    3+1 beds2 baths700-1,100 ft²

    MLS® X13863434
  • $474,900

    905 Dalhousie Drive

    London, Condo townhouse

    4 beds3 baths1,600-1,799 ft²

    MLS® X13862778
  • Price reduced
    $499,000was $509,000

    776 Silversmith Street

    London, Townhouse

    3 beds3 baths1,100-1,500 ft²

    MLS® X13862526
  • Open Sun, Oct 18, 2:00 pm
    $419,900

    3 Parkside Drive

    St. Thomas, Detached

    3 beds2 baths700-1,100 ft²

    MLS® X13862464
  • $269,900

    311 Vesta Road, Unit 16

    London, Condo townhouse

    3 beds3 baths1,000-1,199 ft²

    MLS® X13862118
  • $499,900Price changed

    283 Ridout Street

    Rodney, Detached

    2 beds2 baths1,100-1,500 ft²

    MLS® X13861872
  • $359,900

    947 Dearness Drive

    London, Land

    0 beds0 baths

    MLS® X13861842
  • Open Sat, Oct 17, 11:00 am
    $499,900

    1061 Eagletrace Drive, Unit 83

    London, Condo townhouse

    3 beds3 baths1,200-1,399 ft²

    MLS® X13861670
  • $469,900

    25 Elm Street

    London, Detached

    3 beds2 baths700-1,100 ft²

    MLS® X13861656
  • $439,500

    83 Huron Heights Drive

    Colborne, Detached

    2 beds2 baths1,100-1,500 ft²

    MLS® X13859104
  • Open Sun, Oct 18, 2:00 pm
    $394,000

    137 Wellington Street

    Mitchell, Detached

    4 beds2 baths1,500-2,000 ft²

    MLS® X13858478
  • Open Sun, Oct 18, 2:00 pm
    $459,900

    109 McMaster Drive E

    London, Condo townhouse

    3 beds3 baths1,600-1,799 ft²

    MLS® X13858112
  • $469,900

    15 Talavera Crescent

    London, Detached

    3 beds2 baths700-1,100 ft²

    MLS® X13858046
  • $400,500

    16 Lansdowne Avenue

    London, Detached

    2 beds1 bath1,100-1,500 ft²

    MLS® X13857922
  • $379,999

    77937 London Road

    Stanley, Detached

    2 beds2 baths1,100-1,500 ft²

    MLS® X13857758
  • $499,900Price changed

    10 Elizabeth Street

    Port Burwell, Detached

    3 beds2 baths700-1,100 ft²

    MLS® X13857436
  • $479,900

    601 Lions Park Drive, Unit 62

    Mount Brydges, Condo townhouse

    3 beds4 baths1,400-1,599 ft²

    MLS® X13856796

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.