Lendrum Place, Edmonton | Neighbourhood Profile

By January 17, 2013 NEIGHBOURHOOD
Lendrum-Place,-Edmonton-Profile-Photo

Hot Market Index:

54.7 °G (2012)

Desirability:

96.3/100 (2012)

Lendrum Place At A Glance

Homes in Lendrum Place

• Average Asking Price (2012): $407,000
• Asking Price Range (2012): $317,000 to $575,000
• Average Home Size (Approx):  1220 ft²
• Size Range (Approx): 970 ft² to 2200 ft²

Lendrum Place Real Estate Market

Hot Market Index (2012):  54.7 °G
Absorption (2012): 72.4%
Buyer Willingness (2012): 95.6%
Desirability Score (2012): 96.3/100 (Extremely Desirable)
• Dilapidation Score (2006)*: 7.1% (Excellent)

Lendrum Place, Edmonton Hot Market Index (2012)

Lendrum Place & the Average Edmonton Hot Market Index (2012)

Amenities

• Accessibility Score: 71 homes per point of access (Excellent).
• Parking: Excellent.
• Transit: 13 bus stops plus being quite close the Southgate LRT Station.
• Parks: 1 park within neighbourhood boundaries.

Location & Description

Lendrum Place is located west of 111th Street and east of 115th Street (which is the boundary of the University of Alberta Farm. From north to south it runs between 61st Avenue and 51st Avenue. A medium sized neighbourhood, Lendrum Place has just under 800 units ranging in asking prices from $317,000 to $575,000 and averaging $407,000. The homes are on average 1220 ft² and range from about 970 ft² to about 2200 ft². Most houses are in good condition and the area is quite desirable to owners and buyer alike – and a good value all told.

A bar graph showing when homes were constructed in Lendrum Place

A bar graph showing when homes were constructed in Lendrum Place*

Most of the homes in Lendrum Place were constructed in the 60s as with many nearby neighbourhoods with only a few built in the Post-war Era and a handful in the 1970s. As far as the 2006 Census goes, no houses have been built in recent years.

A pie chart showing home types in the Lendrum Place neighbourhood*

A pie chart showing home types in Lendrum Place

The vast majority of homes in Lendrum Place are houses – just over 78% with a very minimal number of duplexes and a few low-rise apartments.

A pie chart showing the percentage of homes that are rented versus owned in Lendrum Place

A pie chart showing how many homes are rented versus how many owned in Lendrum Place*

Almost 3/4 of Lendrum Place is owner occupied units. Since there are no condominiums in the neighbourhood and 20 percent of the area is low-rise apartments, it looks like all the apartments are rentals – which accounts for the majority of the investor owned units in the neighbourhood. That leaves about 5% of the homes renter occupied – which makes sense based on the property values in the area.

Condos in Lendrum Place

There are no condominiums located in Lendrum Place.

Schools

Elementary:

Lendrum School – 4716 115 St | 780 435 4532

St Martin School – 11310 51 Ave | 780 434 4848

Junior High:

Ecole Avalon – 5425 114 St |780 434 8402

High Schools:

~ None in this community

Other Schools:

~ None in this community

Parks & Recreation

• Lendrum Place Park – 11325 57 Ave

Access & Parking

Access to Lendrum Place is pretty good with 11 ways in for 780 homes – giving an Access Score of 71 homes per point of entry/exit.

Parking is great in Lendrum. Wide streets and large lots make street parking for guests and contractors easy.

Transit

There are 13 bus stops in Lendrum Place – one for every 60 homes. Routes run to the south and east as well as through the center of the neighbourhood.

* Source: 2006 Census of Canada, Statistics Canada

by +Alan F Macdonald REALTOR® | Copyright © – gimme-shelter.com

[60019]

Alan F Macdonald

Author Alan F Macdonald

Alan F Macdonald is a real estate agent with Maxwell Challenge Realty in Edmonton, Alberta.

More posts by Alan F Macdonald

Leave a Reply

Time limit is exhausted. Please reload CAPTCHA.