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.
  • $379,900

    180 Jane Street

    RodneyLand

    0 beds0 baths

    MLS® X13527650
  • $369,000Price changed

    190 MUNROE Street

    West LorneDetached

    3 beds2 baths700-1,100 ft²

    MLS® X13526652
  • $490,200

    17 KILN Lane

    St. ThomasTownhouse

    3+1 beds3 baths1,100-1,500 ft²

    MLS® X13525892
  • $490,200

    15 KILN Lane

    St. ThomasTownhouse

    3+1 beds3 baths1,100-1,500 ft²

    MLS® X13525888
  • $418,900

    1292 Sorrel Road

    LondonSemi-detached

    4 beds2 baths700-1,100 ft²

    MLS® X13525572
  • $389,000

    10 Pegler Street

    LondonDetached

    3 beds2 baths1,100-1,500 ft²

    MLS® X13521132
  • Price reduced

    $379,999Was $409,999

    6506 Krista Lane

    Rural Southwest Middlesex, Southwest MiddlesexLand

    0 beds0 baths

    MLS® X13516606
  • $386,800

    280 S Queens Avenue, Unit 1

    LondonCondo townhouse

    2 beds2 baths1,200-1,399 ft²

    MLS® X13497350
  • $364,900

    316489 31st Line, Unit 906

    Rural Zorra, ZorraModular home

    1 bed1 bath700-1,100 ft²

    MLS® X13497198
  • $389,000

    12 Kellestine Drive

    StrathroyModular home

    2 beds2 baths1,100-1,500 ft²

    MLS® X13494774
  • $499,900Price changed

    29 Concession Street E

    TillsonburgDetached

    2 beds2 baths1,100-1,500 ft²

    MLS® X13487138
  • $269,000

    1179 BAY Street

    Port RowanLand

    0 beds0 baths

    MLS® X13487084
  • $399,000Price changed

    61 Brock Street E

    TillsonburgDetached

    3 beds2 baths1,100-1,500 ft²

    MLS® X13486414
  • $50,000Price changed

    53 North Street

    CourtlandLand

    0 beds0 baths0.55 acres

    MLS® X13482058

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.