This street was called after Prince Edward, the Prince of Wales and later for a short time King Edward VIII until his abdication. Prince Edward Park features as early as 1932 in a Belfast street directory.
"On the recommendation of the city surveyor, the committee acceded to an application for Messers William McMillan and Sons for permission to name proposed streets as Prince Edward Park Stranmillis as follows: Prince Edward Park, (Continuation of), Prince Edward Drive, Prince Edward Gardens". (10th August 1961).