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
$339,900
500 Talbot Street, Unit 1302
LondonCondo
2 beds2 baths1,200-1,399 ft²
MLS® X14170250Compare 500 Talbot Street, Unit 1302
New
$339,900
511 Clarke Road
LondonSemi-detached
2+1 beds2 baths700-1,100 ft²
MLS® X14170208Compare 511 Clarke Road
New
$469,900
600 PEEL Street
WoodstockDetached
3 beds2 baths1,100-1,500 ft²
MLS® X14170176Compare 600 PEEL Street
Open house Sat, Nov 14, 3:00 pmNew
$419,900
14 Snowdon Crescent
LondonSemi-detached
3 beds2 baths1,100-1,500 ft²
MLS® X14169880Compare 14 Snowdon Crescent
New
$499,900
226 ELIZABETH Street
WardsvilleDetached
3+1 beds2 baths1,100-1,500 ft²
MLS® X14169784Compare 226 ELIZABETH Street
Open house Sat, Nov 14, 12:00 pmNew
$409,900
482 Springbank Avenue N, Unit 4
WoodstockCondo townhouse
3 beds2 baths1,200-1,399 ft²
MLS® X14169532Compare 482 Springbank Avenue N, Unit 4
New
$399,900
126 Emery Street W
LondonMultiplex
5 beds2 baths1,500-2,000 ft²
MLS® X14169438Compare 126 Emery Street W
New
$498,000
745 CHELTON Road, Unit 21
LondonCondo townhouse
3 beds4 baths1,600-1,799 ft²
MLS® X14169188Compare 745 CHELTON Road, Unit 21
New
$499,900
1544 Dale Street
LondonDetached
2 beds1 bath700-1,100 ft²
MLS® X14169182Compare 1544 Dale Street
Open house Sun, Nov 15, 12:00 pmNew
$475,000
6 Elmwood Avenue E
LondonDetached
3 beds2 baths1,100-1,500 ft²
MLS® X14169000Compare 6 Elmwood Avenue E
New
$230,000
739 Deveron Crescent S, Unit 210
LondonCondo
2 beds1 bath900-999 ft²
MLS® X14168842Compare 739 Deveron Crescent S, Unit 210
New
$474,900
238 Elk Street
ParkhillDetached
3 beds1 bath700-1,100 ft²
MLS® X14168588Compare 238 Elk Street
New
$499,900
14 Cadeau Terrace, Unit 58
LondonCondo townhouse
2+1 beds3 baths1,200-1,399 ft²
MLS® X14168494Compare 14 Cadeau Terrace, Unit 58
New
$200,000
37 Factory Street
WoodstockSemi-detached
2 beds1 bath700-1,100 ft²
MLS® X14168084Compare 37 Factory Street
New
$349,900
89 Ridout Street S, Unit 103
LondonCondo
2 beds2 baths1,200-1,399 ft²
MLS® X14167908Compare 89 Ridout Street S, Unit 103
New
$449,900
36334 Talbot Line
Rural Southwold, SouthwoldDetached
2+1 beds2 baths1,100-1,500 ft²
MLS® X14167166Compare 36334 Talbot Line
Open house Sat, Nov 14, 2:00 pmNew
$424,900
97 Fundy Avenue
LondonDetached
3 beds2 baths700-1,100 ft²
MLS® X14166964Compare 97 Fundy Avenue
New
$465,000
1180 Commissioners Road W, Unit 605
LondonCondo
2 beds2 baths1,200-1,399 ft²
MLS® X14166630Compare 1180 Commissioners Road W, Unit 605
New
$479,900
869 Whetherfield Street, Unit 48
LondonCondo townhouse
2 beds2 baths1,000-1,199 ft²
MLS® X14166536Compare 869 Whetherfield Street, Unit 48
New
$239,900
600 Grenfell Drive, Unit 603
LondonCondo
2 beds1 bath900-999 ft²
MLS® X14166466Compare 600 Grenfell Drive, Unit 603
Open house Sat, Nov 14, 2:00 pmNew
$399,900
1270 Brydges Street
LondonDetached
2 beds1 bath700-1,100 ft²
MLS® X14166396Compare 1270 Brydges Street
New
$474,900
3 Parcreek Place
StrathroyDetached
3 beds2 baths1,100-1,500 ft²
MLS® X14165650Compare 3 Parcreek Place
New
$479,500
586 Elmdale Avenue
LondonDetached
3 beds2 baths700-1,100 ft²
MLS® X14165088Compare 586 Elmdale Avenue
New
$479,000
7 South Court Street W
Norwich Town, NorwichCondo townhouse
2 beds1 bath1,000-1,199 ft²
MLS® X14165012Compare 7 South Court Street W

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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