According to local knowledge, there was a debate in Belfast Corporation at the time the street was being developed about what to call it. Queen Victoria had died in January 1901 and Edward VII became king upon her death. It had been suggested to call the street after him – Edward Street however it was decided not to do so because there already was an Edward Street in Belfast. Instead in honour of the new king, the street was called Monarch Street.
"On the application of Miss Isobel McKibbin, it was Resolved – That the name Monarch Parade be approved for continuation of a new street on her property situate off Monarch Street". (7th January 1930).
“On the recommendation of the city surveyor, the committee approved of a new street and continuation of Monarch Parade being named Monarch Parade”. (20th September 1949).