McKernan is located just south of the main University of Alberta campus. It is bordered by University Avenue to the north, 109 Street to the east, Belgravia Road/72 Avenue to the south and the Belgravia neighbourhood to the west. The neighbourhood is popular with staff and students of the University and staff of the University Hospital. McKernan has quiet streets lined with mature elm trees.
McKernan was developed between 1945 and 1965, after McKernan Lake was drained. The area was named after John McKernan, a prominent businessman in Strathcona, whose family farm was located there in the late 19th century. John McKernan also founded the Princess Theatre, which remains a Strathcona landmark on Whyte Avenue.
The population of McKernan is approximately 2,800 and there are 1,400 residences. Most homes are single family and duplexes constructed in the 1950s and 1960s as well as newer infills.
Schools and Amenities
McKernan School dates from 1951 and offers English and French immersion programs from kindergarten through grade 9.
The community is served by the McKernan/Belgravia LRT station. A small neighbourhood commercial area is located at 76 Avenue and 115 Street.
Looking for a Home in McKernan?
Visit my website to search current listings of homes for sale in McKernan or to be notified when McKernan homes come on the market.
Market Update for McKernan
After a late winter, the McKernan residential market is a few weeks behind typical sales volume and recorded one sale in April. Price trends in the McKernan market cannot be drawn from the single April data point; sales data for May will be posted when available. The average price per sq. ft. in April was $406 and the time on the market was four weeks.
Here is a summary of the April market statistics.
|Stats for April||2018||2017|
|Average days on market||32||31|
|Sold-to-List Price Ratio||95.7%||100.1%|
|Average Sold Price/SF||$406||$306|
|Months of Suppl||7||9.5|
Market Update for Edmonton
Please see the current Edmonton residential real estate market update posted on my website.
Do You Have a Question About McKernan?
Please don't hesitate to email or call if you have any questions.
I would also be pleased to provide a complimentary comparative market analysis of your home to give you an idea of its value in the current market.
Peter Fuchshuber is a residential and commercial REALTOR® helping buyers and sellers with Edmonton real estate.