Homes for sale under $500,000

Every home listed at $500,000 or less across Elgin, Oxford, Norfolk and London.
A tidy single-storey house with a landscaped front garden

At this price you are looking at starter homes, smaller bungalows, condos and mobile or modular homes in land-lease communities, so read each listing for what is included (land, fees, lot rent). First-time buyers should also look at the Ontario land transfer tax refund and the other programs in our first-time buyer guide, and run the numbers in the affordability calculator.

Under $500K

1,047active listings

Results update as you choose.
  • Open house Sat, Nov 14, 1:00 pmNew

    $479,900

    327 Wellington Street

    St. ThomasDetached

    3 beds2 baths1,500-2,000 ft²

    MLS® X14180008
  • New

    $359,900

    760 Berkshire Drive, Unit 26

    LondonCondo townhouse

    2 beds2 baths1,000-1,199 ft²

    MLS® X14179314
  • New

    $499,900

    9967 Florence Street

    Rural Southwold, SouthwoldDetached

    3 beds3 baths1,100-1,500 ft²

    MLS® X14179170
  • New

    $489,900

    29738 Talbot Line

    WallacetownDetached

    1 bed1 bath700-1,100 ft²

    MLS® X14179066
  • Open house Sat, Nov 14, 2:00 pmNew

    $349,900

    563 Ontario Street

    LondonDetached

    3 beds1 bath700-1,100 ft²

    MLS® X14179002
  • New

    $499,000

    134 Mark Street

    LondonDetached

    3+2 beds2 baths700-1,100 ft²

    MLS® X14178878
  • New

    $469,900

    11475 Plank Road

    EdenDetached

    4 beds2 baths1,500-2,000 ft²

    MLS® X14178732
  • New

    $229,000

    117 Clarence Street

    LondonLand

    0 beds0 bathsUnder 700 ft²

    MLS® X14178510
  • New

    $319,900

    825 Dundalk Drive, Unit 81

    LondonCondo townhouse

    2 beds1 bath700-799 ft²

    MLS® X14178252
  • New

    $425,000

    11 Naama Street

    St. ThomasDetached

    2 beds2 baths1,100-1,500 ft²

    MLS® X14178124
  • New

    $479,000

    439 Beatrice Street

    LondonDetached

    2+1 beds2 baths1,100-1,500 ft²

    MLS® X14177932
  • New

    $419,900

    105 Raywood Avenue

    LondonDetached

    2+1 beds2 baths700-1,100 ft²

    MLS® X14176426
  • New

    $375,000

    450 Pond Mills Road, Unit 19

    LondonCondo townhouse

    3+1 beds2 baths1,000-1,199 ft²

    MLS® X14176412
  • New

    $477,500

    1 Miller Drive, Unit 22

    LucanVacant Land Condo

    3 beds2 baths1,400-1,599 ft²

    MLS® X14175868
  • New

    $400,000

    318 Simcoe Street

    WoodstockDetached

    3 beds2 baths1,500-2,000 ft²

    MLS® X14175722
  • New

    $449,900

    3900 Savoy Street, Unit 7

    LondonCondo townhouse

    2 beds3 baths500-599 ft²

    MLS® X14175680
  • New

    $449,900

    142 CHARLES Street W

    IngersollDetached

    3+1 beds2 baths1,500-2,000 ft²

    MLS® X14175628
  • New

    $399,900

    92 STROUD Crescent, Unit 80

    LondonCondo townhouse

    3 beds2 baths1,000-1,199 ft²

    MLS® X14175188

Listing data provided under copyright by the London and St. Thomas Association of REALTORS® and other participating boards via PropTx. Information is deemed reliable but not guaranteed. Only active listings are shown.

Questions about under $500k

Why do some listings here show a very low price?

Occasionally a listing is entered with a placeholder price, or it is a lot, a mobile home on leased land or a share of a property. Open the listing for the details, or ask us.

What is the minimum down payment at $500,000?

In Canada the minimum down payment is 5% of the first $500,000, so $25,000 on a $500,000 home, and mortgage default insurance applies when you put down less than 20%. The CMHC insurance calculator shows the premium.

Thinking about a move?

Buying, selling, or curious what your home would sell for today? Call Mark directly or the office, or send a note and we'll get back to you.