diff --git a/code/lib/cli/src/automigrate/fixes/incompatible-addons.test.ts b/code/lib/cli/src/automigrate/fixes/incompatible-addons.test.ts
index 3c6795937847..122cb7f7e4f7 100644
--- a/code/lib/cli/src/automigrate/fixes/incompatible-addons.test.ts
+++ b/code/lib/cli/src/automigrate/fixes/incompatible-addons.test.ts
@@ -4,6 +4,9 @@ import type { StorybookConfig } from '@storybook/types';
 import type { PackageJson } from '../../js-package-manager';
 import { makePackageManager, mockStorybookData } from '../helpers/testing-helpers';
 import { incompatibleAddons } from './incompatible-addons';
+import * as packageVersions from '../helpers/getActualPackageVersions';
+
+jest.mock('../helpers/getActualPackageVersions');
 
 const check = async ({
   packageJson,
@@ -25,16 +28,20 @@ const check = async ({
 describe('incompatible-addons fix', () => {
   afterEach(jest.restoreAllMocks);
 
-  it('no-op when there are known addons', async () => {
-    const packageJson = {
-      dependencies: { '@storybook/addon-essentials': '^7.0.0' },
-    };
-    await expect(
-      check({ packageJson, main: { addons: ['@storybook/essentials'] } })
-    ).resolves.toBeNull();
-  });
-
   it('should show incompatible addons', async () => {
+    jest.spyOn(packageVersions, 'getActualPackageVersions').mockReturnValueOnce(
+      Promise.resolve([
+        {
+          name: '@storybook/addon-essentials',
+          version: '7.0.0',
+        },
+        {
+          name: '@storybook/addon-info',
+          version: '5.3.21',
+        },
+      ])
+    );
+
     const packageJson = {
       dependencies: {
         '@storybook/addon-essentials': '^7.0.0',
@@ -44,7 +51,30 @@ describe('incompatible-addons fix', () => {
     await expect(
       check({ packageJson, main: { addons: ['@storybook/essentials', '@storybook/addon-info'] } })
     ).resolves.toEqual({
-      incompatibleAddonList: ['@storybook/addon-info'],
+      incompatibleAddonList: [
+        {
+          name: '@storybook/addon-info',
+          version: '5.3.21',
+        },
+      ],
     });
   });
+
+  it('no-op when there are no incompatible addons', async () => {
+    jest.spyOn(packageVersions, 'getActualPackageVersions').mockReturnValueOnce(
+      Promise.resolve([
+        {
+          name: '@storybook/addon-essentials',
+          version: '7.0.0',
+        },
+      ])
+    );
+
+    const packageJson = {
+      dependencies: { '@storybook/addon-essentials': '^7.0.0' },
+    };
+    await expect(
+      check({ packageJson, main: { addons: ['@storybook/essentials'] } })
+    ).resolves.toBeNull();
+  });
 });
diff --git a/code/lib/cli/src/automigrate/fixes/incompatible-addons.ts b/code/lib/cli/src/automigrate/fixes/incompatible-addons.ts
index df39bedd1cd1..5620da7d45e1 100644
--- a/code/lib/cli/src/automigrate/fixes/incompatible-addons.ts
+++ b/code/lib/cli/src/automigrate/fixes/incompatible-addons.ts
@@ -1,10 +1,11 @@
 import chalk from 'chalk';
 import dedent from 'ts-dedent';
 import type { Fix } from '../types';
-import { getStorybookData, getIncompatibleAddons } from '../helpers/mainConfigFile';
+import { getStorybookData } from '../helpers/mainConfigFile';
+import { getIncompatibleAddons } from '../helpers/getIncompatibleAddons';
 
 interface IncompatibleAddonsOptions {
-  incompatibleAddonList: string[];
+  incompatibleAddonList: { name: string; version: string }[];
 }
 
 export const incompatibleAddons: Fix<IncompatibleAddonsOptions> = {
@@ -17,7 +18,7 @@ export const incompatibleAddons: Fix<IncompatibleAddonsOptions> = {
       configDir,
     });
 
-    const incompatibleAddonList = getIncompatibleAddons(mainConfig);
+    const incompatibleAddonList = await getIncompatibleAddons(mainConfig);
 
     return incompatibleAddonList.length > 0 ? { incompatibleAddonList } : null;
   },
@@ -25,11 +26,13 @@ export const incompatibleAddons: Fix<IncompatibleAddonsOptions> = {
     return dedent`
       ${chalk.bold(
         chalk.red('Attention')
-      )}: We've detected that you're using the following addons which are known to be incompatible with Storybook 7:
+      )}: We've detected that you're using the following addons in versions which are known to be incompatible with Storybook 7:
 
-      ${incompatibleAddonList.map((addon) => `- ${chalk.cyan(addon)}`).join('\n')}
+      ${incompatibleAddonList
+        .map(({ name, version }) => `- ${chalk.cyan(`${name}@${version}`)}`)
+        .join('\n')}
 
-      Please upgrade at your own risk, and check the following Github issue for more information:
+      Please be aware they might not work in Storybook 7. Reach out to their maintainers for updates and check the following Github issue for more information:
       ${chalk.yellow('https://github.com/storybookjs/storybook/issues/20529')}
     `;
   },
diff --git a/code/lib/cli/src/automigrate/helpers/getActualPackageVersions.ts b/code/lib/cli/src/automigrate/helpers/getActualPackageVersions.ts
new file mode 100644
index 000000000000..77f741def3d6
--- /dev/null
+++ b/code/lib/cli/src/automigrate/helpers/getActualPackageVersions.ts
@@ -0,0 +1,26 @@
+import * as fs from 'fs-extra';
+import path from 'path';
+
+export const getActualPackageVersions = async (packages: string[]) => {
+  return Promise.all(packages.map(getActualPackageVersion));
+};
+
+export const getActualPackageVersion = async (packageName: string) => {
+  try {
+    const packageJson = await getActualPackageJson(packageName);
+    return {
+      name: packageName,
+      version: packageJson.version,
+    };
+  } catch (err) {
+    return { name: packageName, version: null };
+  }
+};
+
+export const getActualPackageJson = async (packageName: string) => {
+  const resolvedPackageJson = require.resolve(path.join(packageName, 'package.json'), {
+    paths: [process.cwd()],
+  });
+  const packageJson = await fs.readJson(resolvedPackageJson);
+  return packageJson;
+};
diff --git a/code/lib/cli/src/automigrate/helpers/getIncompatibleAddons.ts b/code/lib/cli/src/automigrate/helpers/getIncompatibleAddons.ts
new file mode 100644
index 000000000000..7e0f393798fa
--- /dev/null
+++ b/code/lib/cli/src/automigrate/helpers/getIncompatibleAddons.ts
@@ -0,0 +1,66 @@
+import type { StorybookConfig } from '@storybook/types';
+import semver from 'semver';
+import { getActualPackageVersions } from './getActualPackageVersions';
+import { getAddonNames } from './mainConfigFile';
+
+export const getIncompatibleAddons = async (mainConfig: StorybookConfig) => {
+  // TODO: Keep this up to date with https://github.com/storybookjs/storybook/issues/20529 in case more addons get added
+  const incompatibleList = {
+    '@storybook/addon-knobs': '6.4.0',
+    '@storybook/addon-postcss': '2.0.0',
+    'storybook-addon-next-router': '4.0.2',
+    'storybook-addon-outline': '1.4.2', // (deprecated)
+    '@storybook/addon-info': '5.3.21',
+    'storybook-addon-designs': '6.3.1',
+    'storybook-addon-next': '1.7.0', // (deprecated)'
+    'storybook-docs-toc': '1.7.0',
+    '@storybook/addon-google-analytics': '6.2.9',
+    'storybook-addon-pseudo-states': '1.15.5',
+    'storybook-dark-mode': '2.1.1',
+    'storybook-addon-gatsby': '0.0.5',
+    '@etchteam/storybook-addon-css-variables-theme': '1.4.0',
+    '@storybook/addon-cssresources': '6.2.9',
+    'storybook-addon-grid': '0.3.1',
+    'storybook-multilevel-sort': '1.2.0',
+    'storybook-addon-i18next': '1.3.0',
+    'storybook-source-link': '2.0.8',
+    'babel-plugin-storybook-csf-title': '2.1.0',
+    '@urql/storybook-addon': '2.0.1',
+    'storybook-addon-intl': '2.4.1',
+    'storybook-addon-mock': '3.2.0',
+    '@chakra-ui/storybook-addon': '4.0.16',
+    'storybook-mobile-addon': '1.0.2',
+  };
+
+  const addons = getAddonNames(mainConfig).filter((addon) => addon in incompatibleList);
+
+  if (addons.length === 0) {
+    return [];
+  }
+
+  const addonVersions = await getActualPackageVersions(addons);
+
+  const incompatibleAddons: { name: string; version: string }[] = [];
+  addonVersions.forEach(
+    ({
+      name,
+      version: installedVersion,
+    }: {
+      name: keyof typeof incompatibleList;
+      version: string;
+    }) => {
+      if (installedVersion === null) return;
+
+      const addonVersion = incompatibleList[name];
+      try {
+        if (semver.lte(semver.coerce(installedVersion), semver.coerce(addonVersion))) {
+          incompatibleAddons.push({ name, version: installedVersion });
+        }
+      } catch (err) {
+        // we tried our best but if we can't compare, we just no-op for that addon
+      }
+    }
+  );
+
+  return incompatibleAddons;
+};
diff --git a/code/lib/cli/src/automigrate/helpers/mainConfigFile.ts b/code/lib/cli/src/automigrate/helpers/mainConfigFile.ts
index 79c3b2df0079..c16b97afebd6 100644
--- a/code/lib/cli/src/automigrate/helpers/mainConfigFile.ts
+++ b/code/lib/cli/src/automigrate/helpers/mainConfigFile.ts
@@ -90,48 +90,24 @@ export const updateMainConfig = async (
 export const getAddonNames = (mainConfig: StorybookConfig): string[] => {
   const addons = mainConfig.addons || [];
   const addonList = addons.map((addon) => {
+    let name = '';
     if (typeof addon === 'string') {
-      return addon;
+      name = addon;
+    } else if (typeof addon === 'object') {
+      name = addon.name;
     }
-    if (typeof addon === 'object') {
-      return addon.name;
+
+    if (name.startsWith('.')) {
+      return undefined;
     }
 
-    return undefined;
+    return name
+      .replace(/\/dist\/.*/, '')
+      .replace(/\.[mc]?[tj]?s[x]?$/, '')
+      .replace(/\/register$/, '')
+      .replace(/\/manager$/, '')
+      .replace(/\/preset$/, '');
   });
 
   return addonList.filter(Boolean);
 };
-
-export const getIncompatibleAddons = (mainConfig: StorybookConfig) => {
-  // TODO: Keep this up to date with https://github.com/storybookjs/storybook/issues/20529
-
-  const incompatibleList = [
-    '@storybook/addon-knobs',
-    '@storybook/addon-postcss',
-    'storybook-addon-next-router',
-    'storybook-addon-outline',
-    '@storybook/addon-info',
-    'storybook-addon-next',
-    'storybook-docs-toc',
-    '@storybook/addon-google-analytics',
-    'storybook-addon-pseudo-states',
-    'storybook-dark-mode',
-    'storybook-addon-gatsby',
-    '@etchteam/storybook-addon-css-variables-theme',
-    '@storybook/addon-cssresources',
-    'storybook-addon-grid',
-    'storybook-multilevel-sort',
-    'storybook-addon-i18next',
-    'storybook-source-link',
-    'babel-plugin-storybook-csf-title',
-    '@urql/storybook-addon',
-    'storybook-addon-intl',
-    'storybook-addon-mock',
-    '@chakra-ui/storybook-addon',
-    'storybook-mobile-addon',
-  ];
-
-  const addons = getAddonNames(mainConfig);
-  return addons.filter((addon) => incompatibleList.includes(addon));
-};
diff --git a/code/lib/core-server/src/build-dev.ts b/code/lib/core-server/src/build-dev.ts
index 829a8752bf55..09612746dbfe 100644
--- a/code/lib/core-server/src/build-dev.ts
+++ b/code/lib/core-server/src/build-dev.ts
@@ -67,7 +67,8 @@ export async function buildDevStandalone(
   options.serverChannelUrl = getServerChannelUrl(port, options);
   /* eslint-enable no-param-reassign */
 
-  const { framework, addons } = await loadMainConfig(options);
+  const config = await loadMainConfig(options);
+  const { framework } = config;
   const corePresets = [];
 
   const frameworkName = typeof framework === 'string' ? framework : framework?.name;
@@ -75,7 +76,7 @@ export async function buildDevStandalone(
 
   corePresets.push(join(frameworkName, 'preset'));
 
-  warnOnIncompatibleAddons(addons);
+  await warnOnIncompatibleAddons(config);
 
   // Load first pass: We need to determine the builder
   // We need to do this because builders might introduce 'overridePresets' which we need to take into account
diff --git a/code/lib/core-server/src/build-static.ts b/code/lib/core-server/src/build-static.ts
index e4c792e39a88..5cb860409bae 100644
--- a/code/lib/core-server/src/build-static.ts
+++ b/code/lib/core-server/src/build-static.ts
@@ -66,7 +66,8 @@ export async function buildStaticStandalone(options: BuildStaticStandaloneOption
   await emptyDir(options.outputDir);
   await ensureDir(options.outputDir);
 
-  const { framework, addons } = await loadMainConfig(options);
+  const config = await loadMainConfig(options);
+  const { framework } = config;
   const corePresets = [];
 
   const frameworkName = typeof framework === 'string' ? framework : framework?.name;
@@ -76,7 +77,7 @@ export async function buildStaticStandalone(options: BuildStaticStandaloneOption
     logger.warn(`you have not specified a framework in your ${options.configDir}/main.js`);
   }
 
-  warnOnIncompatibleAddons(addons);
+  await warnOnIncompatibleAddons(config);
 
   logger.info('=> Loading presets');
   let presets = await loadAllPresets({
diff --git a/code/lib/core-server/src/utils/warnOnIncompatibleAddons.ts b/code/lib/core-server/src/utils/warnOnIncompatibleAddons.ts
index a637c41ba841..a850d49809ad 100644
--- a/code/lib/core-server/src/utils/warnOnIncompatibleAddons.ts
+++ b/code/lib/core-server/src/utils/warnOnIncompatibleAddons.ts
@@ -1,61 +1,25 @@
-import type { Preset } from '@storybook/types';
+import type { StorybookConfig } from '@storybook/types';
 import { logger } from '@storybook/client-logger';
 import chalk from 'chalk';
 import dedent from 'ts-dedent';
 
-export const warnOnIncompatibleAddons = (addons: Preset[]) => {
-  const addonList = addons.map((addon) => {
-    if (typeof addon === 'string') {
-      return addon;
-    }
-    if (typeof addon === 'object') {
-      return addon.name;
-    }
+import { getIncompatibleAddons } from '../../../cli/src/automigrate/helpers/getIncompatibleAddons';
 
-    return undefined;
-  });
-
-  const addonNames = addonList.filter(Boolean);
-
-  // TODO: Keep this up to date with https://github.com/storybookjs/storybook/issues/20529
-  const incompatibleList = [
-    '@storybook/addon-knobs',
-    '@storybook/addon-postcss',
-    'storybook-addon-next-router',
-    'storybook-addon-outline',
-    '@storybook/addon-info',
-    'storybook-addon-next',
-    'storybook-docs-toc',
-    '@storybook/addon-google-analytics',
-    'storybook-addon-pseudo-states',
-    'storybook-dark-mode',
-    'storybook-addon-gatsby',
-    '@etchteam/storybook-addon-css-variables-theme',
-    '@storybook/addon-cssresources',
-    'storybook-addon-grid',
-    'storybook-multilevel-sort',
-    'storybook-addon-i18next',
-    'storybook-source-link',
-    'babel-plugin-storybook-csf-title',
-    '@urql/storybook-addon',
-    'storybook-addon-intl',
-    'storybook-addon-mock',
-    '@chakra-ui/storybook-addon',
-    'storybook-mobile-addon',
-  ];
-
-  const incompatibleAddons = addonNames.filter((addon) => incompatibleList.includes(addon));
+export const warnOnIncompatibleAddons = async (config: StorybookConfig) => {
+  const incompatibleAddons = await getIncompatibleAddons(config);
 
   if (incompatibleAddons.length > 0) {
     logger.warn(dedent`
       ${chalk.bold(
         chalk.red('Attention')
-      )}: We've detected that you're using the following addons which are known to be incompatible with Storybook 7:
+      )}: We've detected that you're using the following addons in versions which are known to be incompatible with Storybook 7:
 
-      ${incompatibleAddons.map((addon) => `- ${chalk.cyan(addon)}`).join('\n')}
+      ${incompatibleAddons
+        .map(({ name, version }) => `- ${chalk.cyan(`${name}@${version}`)}`)
+        .join('\n')}
 
-      Please upgrade at your own risk, and check the following Github issue for more information:
-      ${chalk.yellow('https://github.com/storybookjs/storybook/issues/20529')}\n
+      Please be aware they might not work in Storybook 7. Reach out to their maintainers for updates and check the following Github issue for more information:
+      ${chalk.yellow('https://github.com/storybookjs/storybook/issues/20529')}
     `);
   }
 };