Cheap homes for sale in London, Ontario. Every one under $400K.
Condos, townhouses and houses under $400,000, live from the MLS and updated every 5 minutes.
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Listings from the MLS® System, updated every few minutes. The trademarks MLS®, Multiple Listing Service® and the associated logos identify professional services rendered by REALTOR® members of CREA. Information is deemed reliable but not guaranteed. Each listing is shown courtesy of its brokerage.
- Every brokerageThe full MLS for London, St. Thomas and area, not just our listings.
- Fresh every 5 minutesNew homes show up here as soon as they hit the market.
- Browse freelyNo account, no sign up. Save homes when you're ready.
- Local people, real answersMackenzie and Dan, RE/MAX Centre City. Call or text any time.
Cheap homes for sale in London, Ontario
Prices in London have climbed, but homes under $400,000 still come up every week. This page shows every one of them across the city, from every brokerage, live from the MLS and refreshed every 5 minutes. No sign up needed to look.
Where the lower prices are
Most homes at this price are in the east and south ends: Old East Village, Hamilton Road, Argyle, Carling Heights, White Oaks and Glen Cairn and Pond Mills. Condos in Westmount, downtown and near Western also come in under $400K. Just outside the city, St. Thomas often gets you more house for the money.
Buying a home under $400K in London
Yes. Most homes under $400K in London are condo apartments and townhouses, plus some older semis and smaller houses. The number at the top of this page is live, so it shows exactly how many are for sale today.
Usually a one or two bedroom condo apartment, a townhouse condo, or a smaller or older house that may need some work. Condos and townhouses have monthly fees, so count those in when you compare.
A few things can help. A First Home Savings Account (FHSA) lets you save up to $8,000 a year, $40,000 in all, tax free toward your first home. The RRSP Home Buyers' Plan lets you borrow up to $60,000 from your RRSP. First time buyers in Ontario can get up to $4,000 of the land transfer tax refunded, and London has no city land transfer tax on top.
For a condo, read the status certificate: it shows the fees, the reserve fund and any special assessments coming. For an older house, get an inspection and look hard at the roof, furnace, windows and electrical. Homes listed "as is" or as estate sales can be good value, but expect to do some work.
Tap Get new listings and we'll text you the moment a home under $400K in London hits the market. Good ones at this price often sell in days, so being first matters.
- Every brokerageThe full MLS for London, not just our listings.
- Fresh every 5 minutesNew homes under $400K show up here as soon as they list.
- Browse freelyNo account needed to look. Save homes when you're ready.
- Local people, real answersMackenzie and Dan, RE/MAX Centre City. Call or text any time.
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