Exeter was first founded in the winter of 1832 by the Irish settlers James and Jane Willis accompanied by the explorer Sir Michael Jacques. By 1853, Exeter had grown into a community of over 300 with the help of Isaac Carling bringing immigrants from the Exeter and Devon areas of England. The original Carling homestead, a designated historical landmark still stands on Huron St.W. It was on July 1, 1873, when the villages north and south of the Ausable River (Francistown and Exeter respectively) merged to form the Village of Exeter.