Centreville was built as part of a master plan to convert the Toronto Islands' land usage from cottage residences to recreational uses.

An 1870s cast iron planter to commemorate Queen Victoria's birthday that was originally located in front of St. Lawrence Market is now featured in the center of the park.

[5] Mosquitos carrying the West Nile virus had been found on the islands but the Toronto Public Health department said that with certain precautions, visitors should not be concerned.

During that operating season, Centreville installed fencing and gates around the amusement park area and charged grounds admission fees.

[9] Although no general admission fee(s) is charged to enter Centreville Amusement Park and Far Enough Farm for the 2022 operating season, people are required to purchase tickets and passes - in addition to their Toronto Island Ferry Boat tickets and passes which are purchased through the city - if they wish to get on the amusement rides and to access certain attractions.

It purchased the ferris wheel from Crystal Beach Amusement Park in Fort Erie, Ontario.

In 1995, a sailboat hit the Sky Ride and knocked a passenger out of her seat; she hung upside down for 45 minutes before being rescued.

In 2010, a patron was injured while being loaded onto a chair and Beasley lost a court judgment of over CA$250,000 for the accident in 2015.

Its 52 hand-carved animals include cats, an ostrich, pigs, a lion and rabbits instead of the more common style consisting primarily of horses.

[17] Necessitated by the park's financial losses in the summer of 2017, the carousel was conditionally sold to the city of Carmel, Indiana.

[17] The Dentzel carousel was expected to be shipped to Carmel in November 2017 to open in 2018 or 2019 as part of a multi-year downtown redevelopment project.

[24] Also maintained by William Beasley Enterprises Limited, the Far Enough Farm exists on the eastern outskirts of the Amusement Park, just past the Toronto Island Mine Coaster Ride.

[5][25] In June 2017, Centreville purchased a used ferry boat, the Dartmouth III, from Halifax Transit in Nova Scotia for CA$100,000.