In 1857 Mr. T. M. Daly, a contractor on the highway, erected the first building in the new settlement, a blacksmith shop located on 47 Maddison st east.

Once the gravel road was completed, a stage route was opened from Mitchell to Newry to carry passengers and provide a mail service between the two communities.

He operated "West Monckton Mills" which was advertised as a "manufacturer and dealer in all kinds of lumber, lath, shingles, and cedar posts.

Early settler families included the Machan, Schade, Dobbs, Stewarts, Holmans, Golightlys, Larkins, McKenzies, Merryfields and Reices.

Monkton continues to be a thriving village that includes a postal service, community library, recreation centre, several churches and a number of other business establishments.