Mark & Darlene HulstThe Results Team, home

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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  • $329,900Price changed

    1042 Dearness Drive

    LondonLand

    0 beds0 baths2,500-3,000 ft²

    MLS® X13478680

  • $470,000

    1762 Aldersbrook Road

    LondonSemi-detached

    3 beds2 baths1,100-1,500 ft²

    MLS® X13478504

  • $484,999Price changed

    626 Lorne Avenue

    LondonMultiplex

    4 beds2 baths1,100-1,500 ft²

    MLS® X13472384

  • $319,900

    36 Norfolk Street S

    SimcoeMultiplex

    1 bed1 bath3,000-3,500 ft²

    MLS® X13468920

  • $379,900Price changed

    3345 Gore Road

    DorchesterLand

    0 beds0 baths

    MLS® X13462816

  • $309,900Price changed

    166 Southdale Road W, Unit 143

    LondonCondo townhouse

    3 beds2 baths1,000-1,199 ft²

    MLS® X13462646

  • $499,000Price changed

    1519 Howland Avenue

    LondonDetached

    3+3 beds2 baths700-1,100 ft²

    MLS® X13454130

  • $420,999

    21 Mariam Street

    St. ThomasDetached

    3 beds1 bath700-1,100 ft²

    MLS® X13452562

  • $274,900Price changed

    75 Huxley Street, Unit 401

    LondonCondo

    2 beds1 bath800-899 ft²

    MLS® X13445902

  • $439,900

    12 Pearl Street

    TillsonburgDetached

    2 beds2 baths1,100-1,500 ft²

    MLS® X13436636

  • $499,999Price changed

    770 Banyan Lane

    LondonCondo townhouse

    2 beds3 baths1,600-1,799 ft²

    MLS® X13436134
  • Price reduced

    $499,900Was $549,900

    351 Fleming Drive

    LondonDetached

    3+2 beds2 baths1,100-1,500 ft²

    MLS® X13435534

  • $284,900Price changed

    832 Queens Avenue

    LondonDetached

    1 bed1 bath700-1,100 ft²

    MLS® X13421588

  • $495,000Price changed

    PT LT 13 Conc 4 Road

    Rural Zorra, ZorraFarm

    0 beds0 bathsUnder 700 ft²

    MLS® X13418526

  • $399,999

    99 Toulon Crescent

    LondonCondo townhouse

    3+1 beds2 baths1,200-1,399 ft²

    MLS® X13417022
  • Price reduced

    $270,000Was $289,900

    263 Butler Street, Unit 104

    LucanCondo

    1 bed1 bath500-599 ft²

    MLS® X13265016

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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