Local tradition holds that Sir Henry Foliot first established a church beside the River Erne in Market Yard, serving the community from this riverside location for generations. It wasn't until 1691 that the congregation made the significant decision to relocate their place of worship to Mullaghnashee, where it remains today.

The current building at Townparks tells its own layered story through its architecture. While the church that visitors see today dates from 1841, careful observers will notice that it's not entirely Victorian in character. The structure actually incorporates substantial portions of an eighteenth century church, creating a fascinating architectural timeline that spans multiple periods of Irish church building.

This blend of old and new is typical of many Irish churches that evolved with their communities rather than being rebuilt from scratch. The move from the original Market Yard site to Mullaghnashee, and the subsequent rebuilding and incorporation of earlier structures, mirrors the broader patterns of settlement and development in Ballyshannon itself. Each phase of construction has left its mark, creating a building that serves as both a living place of worship and a tangible link to three centuries of local history.