Lendrum Place, Edmonton - October 2026 Real Estate Report
Lendrum Place, Edmonton: Your Neighbour Just Got a Reality Check on Their Home Value
The Vibe Right Now
If you own a home in Lendrum Place, here is the honest picture. The city says your house is worth around $573,261. The HonestDoor Price says $563,675. That gap matters - and we will get to why in a second.
The neighbourhood is moving, just not fast. Year-over-year growth sits at 0.10%, which is steady but not setting any records. Out of 285 Edmonton neighbourhoods tracked for growth, Lendrum Place houses rank 239th right now. That puts us near the bottom of the leaderboard for appreciation. But here is the flip side - on the days-on-market leaderboard, we rank 12th out of 116. That means when a house does hit the market, it sells fast. 13 days on average. Buyers are not sleeping on Lendrum Place.
For price, we rank 49th out of 285 neighbourhoods. That puts us firmly in the top tier of Edmonton for home values. So the story here is: expensive, fast-moving, but not appreciating quickly right now.
Houses vs. Condos - Two Very Different Stories
Houses
The one house that sold recently went for $650,000 - right at list price. A 100% sale-to-list ratio tells you this is a balanced market. Sellers are not getting lowballed, but buyers are not getting into bidding wars either. Price per square foot is sitting at $488.
The HonestDoor predicted market value for houses is $566,858, and it is trending down from the 3-month moving average of $580,012. Property values have shifted -3.70% recently. That is worth paying attention to if you are thinking about listing.
The rental picture for houses is genuinely strong. Estimated rent of $2,783 per month translates to a 5.51% rental yield. For anyone holding a Lendrum Place house as an investment, that is a solid return.
- Average Sale Price: $650,000
- Price Per Square Foot: $488
- Sale-to-List Ratio: 100%
- Average Days on Market: 13
- HonestDoor Predicted Value: $566,858
- 3-Month Moving Average: $580,012
- Recent Value Change: -3.70%
- Estimated Monthly Rent: $2,783
- Rental Yield: 5.51%
- Growth Rank: 239 out of 285 (bottom tier)
- Days-on-Market Rank: 12 out of 116 (top tier)
- Price Rank: 49 out of 285 (top tier)
Condos
Condos in Lendrum Place are a different animal. The average HonestDoor Price is $949,493 - well above what you would find in any nearby neighbourhood. Malmo Plains condos average $218,633. Pleasantview sits at $310,753. Parkallen is at $226,592. We are not in the same conversation as our neighbours here.
The HonestDoor Price for condos has dropped 4.61% from the previous period, and the predicted market value of $995,399 is also dipping slightly from the 3-month moving average of $1,001,585. So condos are taking a breather after what were clearly very high valuations.
The rental numbers are still impressive. Estimated rent of $3,369 per month is strong in absolute terms, though the rental yield of 3.40% is moderate given the high price point. On the Airbnb side, Lendrum Place condos rank 29th in Edmonton for short-term rental income potential - that is a top-tier ranking.
Condo growth ranks 123rd out of 297 Edmonton neighbourhoods - above average, which is a better position than the house segment right now.
- HonestDoor Price: $949,493
- Recent Change: -4.61%
- Predicted Market Value: $995,399
- 3-Month Moving Average: $1,001,585
- Recent Value Change: +0.18%
- Estimated Monthly Rent: $3,369
- Rental Yield: 3.40%
- Airbnb Estimate: $160 per night
- Airbnb Rank in Edmonton: 29 out of all tracked neighbourhoods (top tier)
- Growth Rank: 123 out of 297 (above average)
The Secret Sauce - Why Your HonestDoor Price Matters More Than Your Tax Assessment Right Now
Here is the thing about your city assessment. It is a snapshot from months ago, built on sales data that may no longer reflect what is happening on your street today. The city assessed Lendrum Place houses at an average of $573,261. The HonestDoor Price right now is $563,675 - about 1.67% lower. That difference is not huge, but it is real, and it is current.
With house values shifting -3.70% recently and the predicted value sitting below the 3-month average, the market is moving. Your assessment is not. If you are making any financial decision - refinancing, selling, or just figuring out if your property tax bill makes sense - the HonestDoor Price gives you a real-world check against a number the city set a while ago. Check it now, not when the next assessment letter shows up in your mailbox.
So What Does This Mean If You Are Thinking About Selling This Summer?
The good news first. Lendrum Place houses sell in 13 days on average. That is one of the fastest turnaround times in the city. If you price it right, you are not sitting on the market for months watching your listing go stale.
The honest part. Values have dipped -3.70% recently, and the predicted value is trending below the 3-month average. This is not a panic moment, but it is not the time to overprice and hope either. Buyers in this price range - we are talking $650,000 territory - are paying attention. They have done their homework.
The play for summer sellers is straightforward. Get your HonestDoor Price, compare it to what your neighbour thinks their house is worth based on an old assessment, and price based on where the market is heading - not where it was six months ago. The buyers who are moving in 13 days are not overpaying. They are informed. You should be too.
One more thing worth knowing. Pleasantview and Parkallen - both right next door - have HonestDoor Prices of $614,028 and $609,911 respectively. If buyers are being priced out of those streets, Lendrum Place at $563,675 starts looking like a smart move for them. That is a real tailwind for us heading into the summer market.
lendrum place | edmonton | october 2026This 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.