Homes for sale under $500,000

Every home listed at $500,000 or less across Elgin, Oxford, Norfolk and London.

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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

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New
$469,900
1694 Trafalgar Street
LondonDetached
3 beds1 bath1,100-1,500 ft²
MLS® X14174808Compare 1694 Trafalgar Street
New
$464,900
1625 Purser Street, Unit 73
LondonCondo townhouse
3 beds3 baths1,000-1,199 ft²
MLS® X14174586Compare 1625 Purser Street, Unit 73
Open house Sun, Nov 15, 1:00 pmNew
$404,914
14 Fairfax Court
LondonCondo townhouse
3 beds3 baths1,200-1,399 ft²
MLS® X14174546Compare 14 Fairfax Court
New
$424,900
55 Briscoe Street W
LondonDetached
2 beds2 baths1,100-1,500 ft²
MLS® X14174224Compare 55 Briscoe Street W
Open house Sun, Nov 15, 11:00 amNew
$369,900
1990 Wavell Street, Unit 73
LondonCondo townhouse
3 beds2 baths1,200-1,399 ft²
MLS® X14174208Compare 1990 Wavell Street, Unit 73
New
$499,900
505 Talbot Street, Unit 1808
LondonCondo
2+1 beds2 baths1,200-1,399 ft²
MLS® X14174062Compare 505 Talbot Street, Unit 1808
Open house Sat, Nov 14, 12:00 pmNew
$399,627
1141 Oxford Street W, Unit 66
LondonCondo townhouse
2 beds1 bath900-999 ft²
MLS® X14174044Compare 1141 Oxford Street W, Unit 66
Open house Sat, Nov 14, 1:00 pmNew
$489,000
9 Park Street
St. WilliamsDetached
3 beds1 bath700-1,100 ft²
MLS® X14174026Compare 9 Park Street
New
$429,000
41 Inverary Road
LondonSemi-detached
3+1 beds3 baths700-1,100 ft²
MLS® X14173964Compare 41 Inverary Road
New
$244,900
600 Grenfell Drive, Unit 504
LondonCondo
2 beds1 bath900-999 ft²
MLS® X14173556Compare 600 Grenfell Drive, Unit 504
Open house Sat, Nov 14, 2:00 pmNew
$499,000
180 Elizabeth Street
GlencoeDetached
3 beds2 baths1,100-1,500 ft²
MLS® X14173436Compare 180 Elizabeth Street
New
$489,000
92 Bayswater Street
WoodstockDetached
2 beds1 bath700-1,100 ft²
MLS® X14173270Compare 92 Bayswater Street
New
$399,900
510 King Street
WoodstockDetached
3 beds2 baths1,100-1,500 ft²
MLS® X14173196Compare 510 King Street
New
$469,900
Lot A 161 Fairview Avenue
St. ThomasLand
0 beds0 baths1,100-1,500 ft²
MLS® X14173010Compare Lot A 161 Fairview Avenue
New
$474,900
34 Sasha Crescent
LondonSemi-detached
3 beds2 baths1,100-1,500 ft²
MLS® X14172712Compare 34 Sasha Crescent
New
$499,000
151 Front Road
Port RowanDetached
3 beds2 baths1,100-1,500 ft²
MLS® X14172166Compare 151 Front Road
Open house Sat, Nov 14, 11:00 amNew
$439,900
153 Dover Street
WoodstockSemi-detached
3 beds3 baths1,100-1,500 ft²
MLS® X14172080Compare 153 Dover Street
New
$205,000
1100 Jalna Boulevard, Unit 602
LondonCondo
2 beds1 bath700-799 ft²
MLS® X14171782Compare 1100 Jalna Boulevard, Unit 602
Open house Sat, Nov 14, 2:00 pmNew
$499,999
2 David Drive
St. ThomasDetached
3 beds2 baths1,100-1,500 ft²
MLS® X14171690Compare 2 David Drive
Open house Sat, Nov 14, 2:00 pmNew
$459,900
136 Golfdale Crescent
LondonSemi-detached
3+1 beds2 baths1,100-1,500 ft²
MLS® X14171642Compare 136 Golfdale Crescent
Open house Sun, Nov 15, 2:00 pmNew
$411,000
590 Millbank Drive, Unit 76
LondonCondo townhouse
3 beds2 baths1,200-1,399 ft²
MLS® X14171458Compare 590 Millbank Drive, Unit 76
Open house Sun, Nov 15, 2:00 pmNew
$499,900
43 Gatewood Crescent
LondonDetached
3 beds2 baths700-1,100 ft²
MLS® X14170528Compare 43 Gatewood Crescent
New
$219,900
45 Locust Street
St. ThomasDetached
5 beds2 baths1,500-2,000 ft²
MLS® X14170516Compare 45 Locust Street
New
$399,900
417 Forest Avenue
St. ThomasTownhouse
3 beds2 bathsUnder 700 ft²
MLS® X14170414Compare 417 Forest Avenue

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.

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