This park was erected in 1982 by the Walkerton Town Council and dedicated to those from the area who fought and those who lost their lives in war. The official dedication of the newly-named War Memorial Park was held on September 19, 1982 at 2:00 p.m. The Walkerton Soldiers' Memorial is also located here and the park was the scene of a joint dedication service, with Walkerton Legion Branch 102 members, area Legion Branches, municipal officials and the general public participating.
A Legion parade to the cenotaph was led by the Branch 102 Pipe Band, with Comrade Jack Kerr in charge as the parade marshal. Master of Ceremonies for the Order of Service in front of the cenotaph was Comrade Joe Jagelewski. Mayor James W. Bolden reflected on the pride that this community should have in this park, with its unique location being adjacent to the Old Armouries, now the Day Care Centre, on which site many Veterans mustered for their initial military training.
Comrade President of Legion Branch 102 Ronald Fleet presented his words of welcome to all assembled. A Psalm was read by Reverend Father Gerald Mulhall, while Padre Comrade for Branch 102, Reverend Ralph J. Knock of Mildmay gave the Homily and Prayer of Dedication. Comrade President Ron Fleet and Comrade 1st Vice President Walter Marshall placed the Memorial Wreath. This was followed by the Lament "Amazing Grace", rendered by Branch 102 Pipe and Drums.
The idea for the dedication of this parkland was Ken Hartman, a town councilor, who proposed his idea the Parks and Recreation department, and in November 1981 attained Council support. Hartman is the author of the inscription on the dedication plaque for War Memorial Park.
The Horticultural Society plants flowers at the site each year.