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.
  • $475,000

    21839 Fairview Road

    ThorndaleLand

    0 beds0 baths

    MLS® X13240996
  • $475,000

    21849 Fairview Road

    ThorndaleLand

    0 beds0 baths

    MLS® X13240984
  • Price reduced

    $374,900Was $399,900

    49075 Dexter Line, Unit 4

    Rural Malahide, MalahideDetached

    3 beds1 bath700-1,100 ft²

    MLS® X13240462
  • $329,000

    208 Maitland Street

    LondonDetached

    4 beds1 bath1,100-1,500 ft²

    MLS® X13237478
  • $299,900Price changed

    22790 Amiens Road, Unit 37

    Rural Middlesex Centre, Middlesex CentreModular home

    2 beds1 bath700-1,100 ft²

    MLS® X13237470
  • $499,900Price changed

    1850 Beaverbrook Avenue, Unit 80

    LondonCondo townhouse

    2 beds3 baths1,000-1,199 ft²

    MLS® X13231294
  • Price reduced

    $57,500Was $99,000

    Lot 501 - 256440 Sunova Crescent

    LakesideMobile home

    2 beds1 bath700-1,100 ft²

    MLS® X13219112
  • $199,900

    305 Hall Street

    IngersollLand

    0 beds0 baths

    MLS® X13217590
  • $479,000Price changed

    1241 HAMILTON Road, Unit 64

    LondonCondo townhouse

    2+1 beds2 baths900-999 ft²

    MLS® X13210882
  • $498,000Price changed

    480 Callaway Road, Unit 617

    LondonCondo

    1+1 beds2 baths1,000-1,199 ft²

    MLS® X13207076
  • $381,000Price changed

    582 Hill Street

    LondonDetached

    3 beds1 bath700-1,100 ft²

    MLS® X13194462
  • $239,000Price changed

    71D Wellesley Crescent, Unit D

    LondonCondo townhouse

    2 beds2 baths900-999 ft²

    MLS® X13166892
  • $59,900

    PT LT 5 GORE Road

    Rural Thames Centre, Thames CentreLand

    0 beds0 baths

    MLS® X13144308
  • $89,900Price changed

    PT LT 4 GORE Road

    Rural Thames Centre, Thames CentreLand

    0 beds0 baths

    MLS® X13144266
  • $89,900Price changed

    PT LT 3 GORE Road

    Rural Thames Centre, Thames CentreLand

    0 beds0 baths

    MLS® X13144240
  • $459,000Price changed

    93 Stanley Street

    LondonDetached

    4 beds2 baths2,000-2,500 ft²

    MLS® X13143726
  • $279,900

    4876 IMPERIAL Road

    CopenhagenLand

    0 beds0 baths

    MLS® X13129500
  • $279,900

    4844 Imperial Road

    CopenhagenLand

    0 beds0 baths

    MLS® X13129486
  • $199,900Price changed

    25 Miller Street

    StrathroyOther

    2 beds1 bath900-999 ft²

    MLS® X13123788
  • $464,900

    67-69 Elizabeth Street

    St. ThomasMultiplex

    6 beds3 baths2,500-3,000 ft²

    MLS® X13121330

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.