Prescott Junction was a planned town located east of Prescott, about a kilometre north of New Wexford. The town had triangular boundaries, which at the time were the Grand Trunk Railway line, the Bytown and Prescott Railway line as well as Reynolds Street, a now non-existent road. In 1868, the land was surveyed and divided into 17 lots to become a new townsite. The town was originally called Junctionville, however this name was only used briefly; by 1871 newspapers and business directories were referring to the village as Prescott Junction.