The Fenelon Falls Cenotaph was originally erected to commemorate Veterans of the First World War and was located at the centre of the village, on the island, close to the Falls. It was erected by the Royal Canadian Legion Branch No. 238 and citizens of Fenelon Falls, Fenelon Township and Verulam Township.
Much of the old village was constructed along the waterway, on land with a 99 year lease from the Federal Government, formerly administered through the Department of Railways and Canals. The Federal Government did not renew the lease when it expired and evicted everyone who was along the waterway, including the cenotaph, families, businesses and most of the village's community infrastructure.
In 1957, the cenotaph was moved to a small park beside the post office. The cenotaph was updated to include Veterans of the Second World War and Korean War. In 1992, the park was rededicated as Veteran's Memorial Peace Park. A Vimy Oak has recently been planted on site.
