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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New
$449,900
10 Elizabeth Street
Port BurwellDetached
3 beds2 baths700-1,100 ft²
MLS® X14159438Compare 10 Elizabeth Street
New
$299,000
311 Vesta Road, Unit 25
LondonCondo townhouse
4+1 beds3 baths1,000-1,199 ft²
MLS® X14159304Compare 311 Vesta Road, Unit 25
New
$264,900
825 DUNDALK Drive, Unit 40
LondonCondo townhouse
3 beds1 bath900-999 ft²
MLS® X14159166Compare 825 DUNDALK Drive, Unit 40
New
$229,900
45 Pond Mills Road, Unit 509
LondonCondo
1 bed1 bath700-799 ft²
MLS® X14159066Compare 45 Pond Mills Road, Unit 509
New
$350,000
1079 Bay Street
Port RowanLand
0 beds0 baths
MLS® X14158222Compare 1079 Bay Street
New
$389,900
75 Wolven Street
Port RowanLand
0 beds0 baths
MLS® X14158194Compare 75 Wolven Street
New
$360,000
24794 Pioneer Line
West LorneDetached
2 beds1 bath1,100-1,500 ft²
MLS® X14157764Compare 24794 Pioneer Line
New
$429,901
34 Aldersbrook Crescent
LondonDetached
3 beds2 baths700-1,100 ft²
MLS® X14157710Compare 34 Aldersbrook Crescent
New
$429,900
40 Culver Court
LondonSemi-detached
3+1 beds2 baths700-1,100 ft²
MLS® X14157680Compare 40 Culver Court
New
$482,500
13 Goldenrod Court
St. ThomasDetached
2+1 beds2 baths700-1,100 ft²
MLS® X14157650Compare 13 Goldenrod Court
New
$319,900
151 Bonaventure Drive, Unit 1
LondonCondo townhouse
3 beds3 baths1,000-1,199 ft²
MLS® X14157644Compare 151 Bonaventure Drive, Unit 1
New
$289,900
2228 Trafalgar Street, Unit 222
LondonCondo
2 beds1 bath800-899 ft²
MLS® X14157558Compare 2228 Trafalgar Street, Unit 222
New
$439,900
3025 Singleton Avenue, Unit 76
LondonCondo townhouse
2 beds3 baths1,400-1,599 ft²
MLS® X14157038Compare 3025 Singleton Avenue, Unit 76
New
$499,900
220 Park Street
StrathroyDetached
3+1 beds2 baths1,100-1,500 ft²
MLS® X14157000Compare 220 Park Street
New
$299,900
55 Arbour Glen Crescent, Unit 19
LondonCondo townhouse
3 beds3 baths1,200-1,399 ft²
MLS® X14156978Compare 55 Arbour Glen Crescent, Unit 19
Open house Sun, Nov 15, 12:30 pmNew
$389,900
740 Goshen Road
Rural Middleton, Norfolk CountyDetached
2 beds1 bath700-1,100 ft²
MLS® X14156926Compare 740 Goshen Road
New
$327,000
470 Second Street, Unit 15
LondonCondo townhouse
3+1 beds2 baths1,000-1,199 ft²
MLS® X14156874Compare 470 Second Street, Unit 15
New
$374,900
37.5 Scott Street
St. ThomasDetached
3 beds2 baths1,100-1,500 ft²
MLS® X14156848Compare 37.5 Scott Street
New
$386,000
1328 Commissioners Road W, Unit 62
LondonCondo townhouse
2 beds2 baths900-999 ft²
MLS® X14156784Compare 1328 Commissioners Road W, Unit 62
New
$499,999
159 Montebello Drive
LondonDetached
5 beds3 baths700-1,100 ft²
MLS® X14156692Compare 159 Montebello Drive
Open house Sat, Nov 14, 2:00 pmNew
$329,999
67 Jacqueline Street
LondonDetached
2+1 beds1 bath700-1,100 ft²
MLS® X14156412Compare 67 Jacqueline Street
New
$369,000
90 Tiffany Drive, Unit 120
LondonCondo townhouse
3 beds2 baths900-999 ft²
MLS® X14156366Compare 90 Tiffany Drive, Unit 120
Open house Sat, Nov 14, 1:00 pmNew
$499,000
30 Doon Drive, Unit 32
LondonCondo townhouse
3 beds3 baths1,600-1,799 ft²
MLS® X14156316Compare 30 Doon Drive, Unit 32
New
$490,177
147 Scotts Drive, Unit 12 (9)
LucanTownhouse
3 beds3 baths1,500-2,000 ft²
MLS® X14156272Compare 147 Scotts Drive, Unit 12 (9)

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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