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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  • $435,000Price changed

    571 Dufferin Avenue

    LondonDetached

    3 beds1 bath1,100-1,500 ft²

    MLS® X13115496
  • Price reduced

    $475,000Was $505,000

    360 Quarter Town Line, Unit 102

    TillsonburgCondo townhouse

    3 beds3 baths1,600-1,799 ft²

    MLS® X13114308

  • $428,000

    189 Townline Street

    St. WilliamsMultiplex

    3 beds2 baths3,000-3,500 ft²

    MLS® X13112260

  • $455,000Price changed

    222 Caverly Road S

    AylmerDetached

    2 beds2 baths1,100-1,500 ft²

    MLS® X13090708

  • $489,900

    243 Wellington Street

    IngersollDetached

    3 beds2 baths1,500-2,000 ft²

    MLS® X13076110
  • Price reduced

    $399,900Was $439,900

    21 Balazs Court, Unit 1

    TillsonburgCondo townhouse

    1 bed2 baths1,200-1,399 ft²

    MLS® X13067754

  • $486,900

    58 Stoss Street

    Rural Southwold, SouthwoldTownhouse

    3 beds3 baths1,500-2,000 ft²

    MLS® X13064964

  • $473,500

    60 Stoss Street

    Rural Southwold, SouthwoldTownhouse

    3 beds3 baths1,500-2,000 ft²

    MLS® X13064962

  • $473,500

    62 Stoss Street

    Rural Southwold, SouthwoldTownhouse

    3 beds3 baths1,500-2,000 ft²

    MLS® X13064960

  • $339,900Price changed

    1 Rathgar Street

    LondonDetached

    4 beds2 baths1,500-2,000 ft²

    MLS® X13055838

  • $339,900Price changed

    1 Rathgar Street

    LondonMultiplex

    4 beds2 baths1,500-2,000 ft²

    MLS® X13055766

  • $249,900

    36 Third Avenue

    St. ThomasLand

    0 beds0 baths

    MLS® X13030968

  • $325,000

    94 Chestnut Street

    St. ThomasLand

    0 beds0 baths

    MLS® X13030962

  • $379,000Price changed

    53 Parkwood Drive

    TillsonburgLand

    0 beds0 baths

    MLS® X13019922

  • $399,000

    Lot 3 Medway Road

    BallymoteLand

    0 beds0 baths

    MLS® X13000946

  • $499,900

    22300 Talbot Line

    New GlasgowDetached

    2 beds1 bath1,100-1,500 ft²

    MLS® X12994314

  • $474,900

    149 Main Street

    SimcoeMultiplex

    5 beds2 baths2,000-2,500 ft²

    MLS® X12972506

  • $330,000Price changed

    89 RIDOUT Street S, Unit 305

    LondonCondo

    2 beds2 baths1,200-1,399 ft²

    MLS® X12966440

  • $349,900Price changed

    49225 Blair , R. R. 2 Drive

    Port BruceDetached

    2 beds1 bathUnder 700 ft²

    MLS® X12945652

  • $489,900

    93 Myrtle Street

    St. ThomasMultiplex

    5 beds3 baths1,500-2,000 ft²

    MLS® X12944236

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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