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
The McKernan residential market had a strong May reflected in its average time on market of only 9 days and most homes selling above the list price. McKernan is one of the few neighbourhoods that has a seller's market, with only 4.5 months of supply.
Here is a summary of the McKernan market statistics.
|Stats for May||2018||2017|
|Average days on market||9||15|
|Sold-to-List Price Ratio||101.7%||102.1%|
|Average Sold Price/SF||$585||$417|
|Months of Supply||4.5||4.2|
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 me if you have any questions.
I would also be pleased to provide a complimentary comparative market analysis of your home in the current market.
Peter Fuchshuber a residential and commercial REALTOR® helping buyers and sellers with Edmonton real estate.