Mc Cauley, Edmonton - August 2026 Real Estate Report

Mc Cauley, Edmonton: Your Neighbour Probably Has No Idea What Their Home Is Actually Worth

If you own property in Mc Cauley and you're still going off your city assessment, you're working with old information. The average assessed value here sits at $283,178 - but the average HonestDoor Price tells a different story at $332,601. That's a gap of over $49,000. That's not a rounding error. That's real money sitting on the table.

The Vibe: What's Actually Happening in Mc Cauley Right Now

Mc Cauley is a neighbourhood that doesn't get a lot of hype, but it has a lot going on under the surface. We saw 35 property transactions in 2026 across 774 assessed properties. Neighbourhood growth is sitting at 0.07% year over year - modest, but it's moving. The rental picture is solid too, with an average rental estimate of $1,670 per month and Airbnb potential around $83 per night.

Houses: Affordable Entry Point, But Buyers Are Calling the Shots

Let's be straight about the house market here. It's a buyers' market right now, and the numbers back that up.

• Average sale price: $169,800
• Price per square foot: $157
• Average days on market: 113 days
• Sale-to-list price ratio: 92.46% - meaning buyers are paying below asking
• Properties sold in the period: 5
• Predicted market value (HonestDoor): $335,652
• 3-month moving average: $337,608 - values are easing slightly
• Estimated monthly rent: $1,681
• Rental yield: 5.94% - that's a strong return for investors
• Recent value change: -0.18%

On the neighbourhood leaderboard, Mc Cauley houses rank 196 out of 292 for growth - below average for Edmonton. Days on market rank is 91 out of 108, which means homes here are sitting longer than most of the city. On price, we rank 275 out of 285 - we are among the most affordable in Edmonton, full stop. For a first-time buyer or an investor hunting yield, that's actually the point.

Compared to nearby streets, we're priced well below Boyle Street's predicted value of $277,289 and below Riverdale at $351,926. If you're priced right, there's a buyer out there - but 113 days on market tells us overpriced listings are getting ignored.

Condos: Higher Price Tag, But the Market Is Taking a Breather

The condo picture in Mc Cauley is a bit of a head-scratcher at first glance. We're actually priced higher than our neighbours here, which flips the usual script.

• Average HonestDoor Price: $575,507 - down 2.02% from the previous period
• Predicted market value: $587,375
• 3-month moving average: $598,588 - trending down
• Recent value change: -2.55%
• Estimated monthly rent: $2,358
• Rental yield: 3.89% - moderate returns
• Airbnb potential: $115 per night
• Transactions in 2026: 1

One transaction in 2026 means we're working with a thin market. Condos here rank 257 out of 302 for growth - that puts us in the bottom performers category for Edmonton right now. The 2.55% value drop is something to watch. Nearby, Boyle Street condos are sitting at $277,358 and Riverdale at $341,950 - both well below what we're seeing in Mc Cauley. That price premium needs to be justified when you're selling, or buyers will simply look elsewhere.

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

Here's the thing about your city assessment - it's a snapshot from months ago, built on a formula that doesn't know your renovated kitchen or your new roof. It's a tax tool, not a selling tool.

The HonestDoor Price is updated in real time, pulling from actual market activity. For Mc Cauley houses, that means a predicted value of $335,652 - nearly double what the average sale price of $169,800 suggests for lower-end transactions, and 17.45% higher than the city's average assessed value. That gap is your real-world check. If you're making any financial decision - refinancing, selling, even just figuring out if your insurance coverage makes sense - the HonestDoor Price is the number to start with, not the assessment notice that showed up in your mailbox.

The So What - Thinking About Selling This Summer?

If you're a house owner in Mc Cauley thinking about listing this summer, here's the honest take. The market is not on fire right now. Homes are sitting for 113 days on average, and buyers are negotiating sellers down to about 92 cents on the dollar. That doesn't mean don't sell - it means price it right from day one. An overpriced listing in this market will just collect dust.

The rental yield of 5.94% on houses is genuinely strong. If selling feels uncertain, renting is a real option worth running the numbers on. At $1,681 per month estimated, a well-maintained house here can work hard for you as an income property.

For condo owners, the -2.55% value shift and thin transaction volume means you need to be strategic. With only one condo transaction on record in 2026, there isn't a deep pool of buyers actively shopping here right now. If you need to sell, get your HonestDoor Price, price competitively against Boyle Street and Riverdale, and be ready to negotiate.

Bottom line - Mc Cauley is one of Edmonton's most affordable entry points, and that's not a knock. It's an opportunity. Whether you're holding, selling, or renting, knowing your real number is step one. Check your HonestDoor Price before you do anything else.

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.