The present day neighbourhood came into being after Allenby Public School opened in 1927. The school was named after Lord Allenby, a British World War One hero.

The homes in Allenby are renowned for their Tudor design and were built in the 1930′s and 1940′s. There is a blend of detached two storey homes and bungalows. However, like many other elite Toronto neighbourhoods, these bungalows are being leveled to make room for modern, two story houses. The typical Allenby lot size is above average, with 25 to 35 foot frontages, which provides the room needed for this architectural redesign.

Today, many of the houses in Allenby have undergone extensive renovations by new owners. However, the homeowners have been meticulous in preserving the original wood detail and decorative accents found in many of the original neighbourhood houses.

Shopping is accessible and abundant for Allenby residents. Eglinton Avenue West provides a large number of shops and professional services geared towards families with young children. Many fine clothing stores, food shops and restaurants abound in this shopping district.

On Eglinton Avenue West there is the North Toronto Memorial Community Recreation Centre, which is an ultra modern facility, complete with an indoor and outdoor pool, a gymnasium, a walking track, aerobic and weight rooms, and two artificial ice rinks that are used as tennis courts in the summertime. Located next to Eglinton Park, the Centre is therefore juxtaposed next to a baseball diamond, sports field and a wading pool.

Allenby residents have the added recreational benefit of being close to the Beltine trail, a popular seven kilometre leisure and exercise path that winds through the central part of the city. There is local access to the Belt Line, south of Eglinton off Chaplin Avenue and at Oriole Parkway.