Lendrum Place, Edmonton - July 2026 Real Estate Report

Lendrum Place, Edmonton: Your Neighbour Just Got a Better Price Than the City Thinks

The Vibe Right Now

If you've been watching the "For Sale" signs on those quiet Lendrum Place streets, here's what's actually happening. The city has your home assessed at an average of $573,261. But the HonestDoor Price - which pulls from real, current market activity - puts the average at $584,523. That's nearly $11,300 more than what the city says your home is worth. And it's up 2.79% from the previous period. The assessment is a snapshot from the past. The HonestDoor Price is what's happening right now.

The neighbourhood itself is holding steady with 0.10% year-over-year growth and 598 properties assessed this year. It's not a rocket ship, but it's not sliding either. With 16 transactions recorded in 2026 and an average assessed value rank of 71 out of all Edmonton neighbourhoods, Lendrum Place sits comfortably in the upper tier of the city.

Houses: Something Is Moving Fast Here

Let's talk houses, because the numbers are worth a second look. The average sale price hit $661,667 this period - up 27.3% from last month. Three homes sold, which is 50% more than the month before. Properties are sitting on the market for an average of just 18 days, which ranks 17th out of 103 Edmonton neighbourhoods for speed. That is fast. If a house is priced right in Lendrum Place right now, it is not sitting around.

• Average sale price: $661,667 (up 27.3% from last month)
• Average list price: $899,000
• Sale-to-list ratio: 97.33% - buyers paid slightly below list price
• Price per square foot: $476
• Average days on market: 18
• Days-on-market rank: 17 out of 103 Edmonton neighbourhoods (very fast)
• Price rank: 96 out of 285 Edmonton neighbourhoods (above average)
• HonestDoor predicted value for houses: $568,634
• Estimated rent for houses: $2,791 per month
• Rental yield: 5.50%

That 5.50% rental yield is worth flagging. For anyone thinking about holding a house as a rental, that's a strong return by Edmonton standards. The rent estimate of $2,791 per month backs that up. Growth rank for houses sits at 157 out of 302 neighbourhoods - right in the middle of the pack. Not a laggard, not a leader. Steady.

Condos: A Different Story, and a Surprising One

We don't see condo numbers like this every day in Lendrum Place. The average HonestDoor Price for condos here is $1,015,768. Yes, that's over a million dollars. It has dipped 2.12% from the previous period, so it's taking a small breather, but the predicted market value sits at $1,037,799 - above the 3-month moving average of $1,035,828, which means the trend is still pointing upward.

• Average HonestDoor Price for condos: $1,015,768 (down 2.12% from previous period)
• Predicted market value: $1,037,799
• Estimated rent: $3,432 to $3,497 per month
• Rental yield: 3.40%
• Airbnb estimate: $171 per night
• Airbnb rank in Edmonton: 31st (top tier)
• Condo growth rank: 114 out of 296 Edmonton neighbourhoods (above average)

That Airbnb rank of 31st in Edmonton is genuinely notable. If you own a condo here and you're not at least running the numbers on short-term rental income, you're leaving something on the table. The rental yield of 3.40% is moderate compared to houses, but the raw rent dollar amount - over $3,400 a month - is hard to ignore.

Compare that to nearby condos: Malmo Plains averages $225,309, Pleasantview $338,080, and Parkallen $239,272. Lendrum Place condos are in a completely different price category from every neighbour around us. That's either a premium worth paying or a signal to dig deeper - and the HonestDoor Price helps you figure out which.

The Secret Sauce: Why Your HonestDoor Price Matters More Than Your Tax Notice

Here's the honest truth about city assessments. They are calculated once a year using data that is already months old by the time it lands in your mailbox. The market does not wait for that schedule. Lendrum Place houses are selling in 18 days. Prices jumped over 27% in a single month. The city's number cannot keep up with that pace.

The HonestDoor Price updates in real time using actual comparable sales, current listing activity, and neighbourhood trends. For houses, that means a predicted value of $568,634 right now - not what someone decided last fall. For condos, it means knowing your property is tracking above $1 million when the city may have a very different figure on file. That gap between the assessed value and the HonestDoor Price is not just a number. It is the difference between pricing your home right and leaving money on the table.

With Lendrum Place sitting at rank 71 in Edmonton for average assessed value, we are already in a strong position. The HonestDoor Price confirms that position with current data, not historical guesswork.

The So What - Should You Sell This Summer?

If you own a house in Lendrum Place and you've been sitting on the fence, the data is nudging you off it. Homes are moving in 18 days. Sale prices are above $660,000. Buyers are paying 97 cents on every listed dollar, which means serious buyers are showing up. The window where sellers have this kind of leverage does not stay open forever.

For condo owners, the picture is a bit more nuanced. Values are high - genuinely high compared to every neighbourhood around us - but the recent 2.12% dip is worth watching. If you're thinking about selling, getting your HonestDoor Price now gives you a real-world anchor before you set a list price. Don't rely on last year's assessment to make a decision this summer.

Either way, the move is the same. Pull your HonestDoor Price, compare it to what the city has on file, and you'll know exactly where you stand. In a neighbourhood where houses rank 17th in Edmonton for how fast they sell, being informed is the only edge that matters.

This information is all based on our opinions based on the information available to us. Everyone's situation may be different and you should reach out to us for more personalized information.