Cheap Houses and Condos for Sale in London

Listings last updated 09/23/2021
    • 3 BedsBds
    • 1 BathBa
    • Single Family
    Open House
    Sat, 25 September 2:00 PM to 4:00 PM
    Please follow the guidance of local authorities when deciding on a property viewing during COVID-19.
    Map
    $399,000 CAD
    • 2 BedsBds
    • 1 BathBa
    • Single Family
    Map
    $249,900 CAD
    • 4 BedsBds
    • 2 BathsBa
    • Single Family
    Map
    $449,900 CAD
    • 4 BedsBds
    • 2 BathsBa
    • Single Family
    Map
    $424,900 CAD
    • 3 BedsBds
    • 2 BathsBa
    • Single Family
    Map
    $445,900 CAD
    • 3 BedsBds
    • 1 BathBa
    • Single Family
    Open House
    Sat, 25 September 2:00 PM to 4:00 PM
    Please follow the guidance of local authorities when deciding on a property viewing during COVID-19.
    Map
    $399,000 CAD
    • 2 BedsBds
    • 2 BathsBa
    • Single Family
    Map
    $439,900 CAD
    • 2 BedsBds
    • 1 BathBa
    • 0.146 ac Lot Size
    • Single Family
    Map
    $399,900 CAD
  • Get price drops notifications & new listings right in your inbox!

    • 3 BedsBds
    • 1 BathBa
    • Single Family
    Map
    $349,900 CAD
    • 3 BedsBds
    • 1 BathBa
    • Single Family
    Map
    $359,900 CAD
    • 3 BedsBds
    • 2 BathsBa
    • Single Family
    Map
    $399,900 CAD
    • 2 BedsBds
    • 1 BathBa
    • Single Family
    Map
    $410,000 CAD
    • 3 BedsBds
    • 2 BathsBa
    • Single Family
    Map
    $449,000 CAD
  • 1
  • 2
1 - 24 of 40 Results

Frequently Asked Questions

How many cheap houses for sale are available in London, ON?

On Point2, you’ll find 40 cheap houses for sale in London, ON, with prices ranging from $169,900 to $450,000.

How do I search for cheap homes for sale in London, ON?

Browse through cheap houses for sale in London, ON and check out property descriptions, photos and virtual tours. You can also narrow your search by filtering based on price drops, which can be especially useful when looking for affordable houses.

CITY GUIDE
LONDON, ONTARIO

Located in Ontario, London is a lovely city that boasts diversity, a strong economy, and a great lifestyle. The city sits at the confluence of the Thames River, and has a population of around 383,000, with 82% being of European ethnicity. London enjoys distinctive seasons, and the climate is heavily affected by the Great Lakes which are nearby. Certain areas of London are elevated, which means that the weather can vary in different parts of the city. Generally, summers are hot and humid, while winters are cold, often windy, and frequently snowy.

London is a hub for a number of industries, predominately education, manufacturing, IT, and medical research. The University of Western Ontario is a huge support for the economy, and much of the city’s biotechnology and life-sciences research is conducted here.

The city has a number of parks and urban areas, and is a popular destination for tourists. London has seen a lot of development in recent years which has contributed to the city being ranked as one of the top cities to live in, taking into account its liveability and quality of life, real estate, economy, and activities. London hosts a number of festivals and arts events, and is home to many sports teams and stadiums.

Popular areas in London include: Argyle, Byron, Central London, Fox Hollow, Hamilton Road, Hyde Park and West London.

London, Ontario

London, Ontario
real estate market overview

Real Estate Market Overview

London has experienced a solid and stable real estate market in recent years. It’s very cheap relative to Toronto, which is just over 2 hours away, which is why more people are moving away from the big city and towards areas like London to take advantage of its reasonable real estate, larger properties and selection of inventory.

For a single-detached house, the average price in London is around $300,000. Toronto’s hot market has started to impact housing prices; however, homes still remain affordable and London offers a great quality of life for millennials, families, and retirees. Since Toronto’s market has skyrocketed, many people have made the decision to cash in on their home and sell, and relocate to London where prices are much lower and homes are more spacious. Two-story, detached homes priced at around $350,000+ have seen a huge increase in demand recently, largely driven by buyers moving from Toronto with more money in the bank.

The condo market is also favourable for buyers, with condos averaging at around $201,000. This appeals to both first-time buyers who are shifting from renting to ownership, and retirees who are looking to downsize their homes. There is a lot of consumer confidence, and London is becoming a more popular option being so close to Toronto but boasting such cheap real estate. London is also expecting to see more development in the coming years to match its growing population and rental demand.

real estate market overview

Cheap Real Estate Market Overview

London is a very desirable option for those looking for cheap homes, which is why it appeals to first-time buyers, young families and millennials. A single-family detached home can be found for around $200,000 in an affordable area, which is very well priced and reasonable for first-time homeowners. Condos in Downtown London can be found for around $201,000, which is a good option for millennials looking for central living or investors hoping to rent out their property. An influx of people coming from other countries or other areas around the Greater Toronto Area is expected in the next couple of years, so there will be a demand for rental housing.

London remains a seller’s market at the moment, which creates slightly frustrating market conditions for buyers; however,it is a very smart place to buy in, especially as prices are low relative to other areas and the area is increasing in popularity. Two-storey houses continue to be the most popular, followed by bungalow properties.

cheap real estate market overview

Read more about living in London, Ontario.

Choose language: English Español ?
adplus-dvertising