Cheap Houses and Condos for Sale in London

Prices from $89,000 CAD to $199,000 CAD Listings last updated 12/12/2018

Cheap Homes in London

1 - 24 of 25 Results
    • 2 Beds
    • 1 Baths
    • 1,100 Sqft
    • Condo
    Sat, 15 December 02:00:00 PM to 04:00:00 PM
    • 2 Beds
    • 1 Baths
    • Single family
    6 days on Point2 Homes
    • 3 Beds
    • 1 Baths
    • 1,166 Sqft
    • 0.13 ac Lot Size
    • Single family
    10 days on Point2 Homes
    • 4 Beds
    • 2 Baths
    • Single family
    Thu, 13 December 05:00:00 PM to 06:00:00 PM
    • Single family
    307 days on Point2 Homes
    • 3 Beds
    • 2 Baths
    • 879 Sqft
    • Single family
    38 days on Point2 Homes
    • 2 Beds
    • 2 Baths
    • Single family
    146 days on Point2 Homes
 to 
 to 
AC
 to 
AC
 to 

Finding cheap houses for sale in London, ON

Get instant access to a lot of relevant information about London, ON real estate, including property descriptions, virtual tours, maps and photos. Point2 Homes gives you far more than a simple list of cheap houses for sale in London, ON, as the search results pages also have a lot of information on London, ON, right below the listings. Among the deep filtering functions on Point2 Homes, you can use London, ON real estate prices, square footage, amenities and many other criteria to help narrow down your search. Price drops are another feature at your disposal, which can be especially useful when you’re looking for cheap houses or cheap condos.

There are 25 cheap houses for sale in London, ON

Use the map view to find London, ON cheap homes for sale, based on city features or amenities that you may want close by. You can close in on a specific neighbourhood or area by simply drawing around it with the polygon or radius tools. Never miss an opportunity for a cheap home, by saving your searches. This way, you get new listings in your inbox, daily or every week, based on your preferences and your budget. If you’d like to get in touch with a professional, agents are displayed next to their listings, and they’re easy to contact through the online forms or directly by phone – all their contact information is displayed. If you want more options in terms of professional advice, you can click the Tools tab and Find an Agent, and you’ll get a list of helpful and knowledgeable real estate agents in London, ON. Visit the Point2 Homes blog and you can find up to date expert advice on many markets throughout Canada, regular market reports, neighbourhood scoops in cities throughout the provinces, best deals for cheap homes, and other useful recommendations.

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.