Condos for Sale in London
Under $500K
Low-maintenance vertical living with amenity-rich buildings and walkable transit-friendly addresses. Ideal for first-time buyers, investors, and downsizers. Median list price in London this band: $342K · 44 active · avg 20 days on market.
44 active · median $342K
Sent within 1 business hour with today's 3.95% 5-yr fixed rate.
Condos in London Under $500K
44 active · median $342K
Median List Price
$342K
Active Listings
44
Avg Days on Market
20 days
YoY Change
-5.5%
6-Month Median Price Trend
Dec
$337K
Jan
$339K
Feb
$339K
Mar
$331K
Apr
$334K
May
$338K
What is the average condo price in London in 2026?
The benchmark price for a condo in London in 2026 is approximately $342K based on the latest CREA MLS® HPI release. Within the under $500k band there are currently 44 active listings, moving in an average of 20 days on market. Prices are down 5.5% year-over-year.
Is London a buyer's or seller's market right now?
London is currently a balanced market for condos in this band. Inventory is turning over in 20 days with prices down 5.5% year-over-year. Neither side has decisive leverage right now.
Families helped in London
24+
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What $342K gets you in London.
Condos in London priced under $500k are tracking against a CREA MLS® HPI benchmark of $342K for the london st thomas area. Within this band the median list comes in near $342K — down 5.5% year-over-year. Active inventory is moving in roughly 20 days.
Typical Size
500–1,100 sqft
Bedroom Range
1–3 bedrooms
Ownership Style
condo
Sample comparables in this band.
$337K
$363K
$326K
Sample comparables only — request the live MLS report for current availability and pricing.
Where these condos are clustered in London.
Keep exploring London.
Other property types
London Condo FAQ
What is the median price for condos in London under $500k?
As of 2026-05-01, the median list price for condos in London priced under $500k sits at approximately $342K based on active MLS inventory.
How many condos are currently for sale in London in this price range?
There are roughly 44 active condos for sale in London priced under $500k. Inventory typically refreshes weekly via the local MLS board.
How long do condos stay on the market in London?
Condos in London priced under $500k are averaging 20 days on market. That signals a seller-leaning market — buyers should expect competition and pre-approved offers.
Are London condo prices going up or down?
Year-over-year median condo prices in London (this band) are down 5.5%. Six-month trend data is available on this page.
What mortgage do I need to buy a condo at this price in London?
On a $342K purchase with 20% down, you'd carry a mortgage of about $274K. At today's qualifying rate (~5.45%) on a 25-year amortization, that's roughly $1,672 / month before taxes and insurance. Use the IndiBrick affordability calculator to model your specific scenario.
Get the Live List — 44 active, median $342K.
Live MLS inventory + today's rate (3.95% 5-yr fixed) sent by a licensed London advisor within 1 business hour.
Condos in London Under $500K
Median $342K · 44 active · 3.95% 5-yr fixed
Get pre-approved for a $274K mortgage.
Based on $342K median list × 20% down. Compare offers from 50+ Canadian lenders. No hard credit check. Pre-approval letter within 1 business hour — same letter sellers see in multi-offers.