Serena Gundy Park is located in the West Don River valley, north of Eglinton Avenue East. It was named after the first wife of the late James H. Gundy, owner of a 20-hectare private estate and president of the large securities dealer Wood Gundy Limited.

The parkland was donated by the Gundy Estate in March 1960, on the understanding that $200,000 would be spent during a ten-year period on park improvements and that a suitable memorial, approved by the trustees of the estate, would be erected. A bronze plaque built into the stone gates at the Broadway Avenue entrance honours this...