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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Open house Sat, Nov 14, 2:00 pmNew
$399,900
649 Emery Street E
LondonDetached
2 beds2 baths700-1,100 ft²
MLS® X14164954Compare 649 Emery Street E
Open house Sat, Nov 14, 2:00 pmNew
$379,900
900 Pond View Road, Unit 72
LondonCondo townhouse
4 beds2 baths1,600-1,799 ft²
MLS® X14164542Compare 900 Pond View Road, Unit 72
New
$349,900
903 Trafalgar Street N
LondonDetached
2 beds1 bathUnder 700 ft²
MLS® X14163890Compare 903 Trafalgar Street N
New
$484,900
61 Vienna Road, Unit 25
TillsonburgTownhouse
3 beds3 baths1,500-2,000 ft²
MLS® X14163734Compare 61 Vienna Road, Unit 25
New
$449,000
4 Elgin Street W
Norwich Town, NorwichCondo townhouse
2 beds1 bath1,000-1,199 ft²
MLS® X14163254Compare 4 Elgin Street W
New
$449,900
247 Martinet Avenue
LondonSemi-detached
3 beds2 baths700-1,100 ft²
MLS® X14163228Compare 247 Martinet Avenue
New
$499,900
152 Albert Street, Unit 11
LondonCondo townhouse
2 beds3 baths1,200-1,399 ft²
MLS® X14163082Compare 152 Albert Street, Unit 11
New
$489,900
25 Queenston Crescent
LondonSemi-detached
2 beds2 baths700-1,100 ft²
MLS® X14162624Compare 25 Queenston Crescent
Open house Sun, Nov 15, 2:00 pmNew
$489,900
66 Eldorado Avenue
LondonDetached
3+1 beds2 baths1,100-1,500 ft²
MLS® X14162518Compare 66 Eldorado Avenue
Open house Sat, Nov 14, 1:00 pmNew
$458,844
43B Frontenac Road
LondonSemi-detached
3+1 beds2 baths700-1,100 ft²
MLS® X14162516Compare 43B Frontenac Road
New
$229,900
140 Conway Drive, Unit 6
LondonCondo
1 bed1 bath600-699 ft²
MLS® X14162196Compare 140 Conway Drive, Unit 6
Open house Sat, Nov 14, 1:00 pmNew
$434,900
102 Clarence Street
StrathroySemi-detached
3 beds2 baths700-1,100 ft²
MLS® X14162124Compare 102 Clarence Street
New
$249,000
731 Deveron Crescent, Unit 111
LondonCondo
2 beds1 bath900-999 ft²
MLS® X14161936Compare 731 Deveron Crescent, Unit 111
New
$285,000
1103 Jalna Boulevard, Unit 103
LondonCondo
2 beds1 bath800-899 ft²
MLS® X14161832Compare 1103 Jalna Boulevard, Unit 103
New
$399,999
1286 York Street
LondonDetached
2 beds1 bath700-1,100 ft²
MLS® X14161798Compare 1286 York Street
Open house Sat, Nov 14, 2:00 pmNew
$474,990
19 Burslem Street
LondonDetached
3 beds2 baths700-1,100 ft²
MLS® X14161176Compare 19 Burslem Street
New
$399,900
590 Millbank Drive, Unit 26
LondonCondo townhouse
3 beds2 baths1,200-1,399 ft²
MLS® X14160974Compare 590 Millbank Drive, Unit 26
New
$369,000
10 Watson Street
LondonDetached
3 beds1 bath700-1,100 ft²
MLS® X14160972Compare 10 Watson Street
New
$499,900
3946 Highway 59
Rural N. Walsingham, Norfolk CountyDetached
3 beds1 bath1,100-1,500 ft²
MLS® X14160894Compare 3946 Highway 59
Open house Sat, Nov 14, 1:00 pmNew
$479,900
26 Coleman Court
St. ThomasSemi-detached
3 beds2 baths1,100-1,500 ft²
MLS® X14160826Compare 26 Coleman Court
New
$439,900
14 Wyatt Street
LondonDetached
4+2 beds2 baths700-1,100 ft²
MLS® X14160450Compare 14 Wyatt Street
Open house Sun, Nov 15, 3:00 pmNew
$368,900
205 CARLYLE Drive, Unit 81
LondonCondo townhouse
3 beds2 baths1,000-1,199 ft²
MLS® X14159964Compare 205 CARLYLE Drive, Unit 81
New
$339,900
132 Dreaney Avenue
LondonDetached
4 beds2 baths1,500-2,000 ft²
MLS® X14159676Compare 132 Dreaney Avenue
New
$429,000
187 Wharncliffe Road N
LondonLand
0 beds0 bathsUnder 700 ft²
MLS® X14159608Compare 187 Wharncliffe Road N

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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