Nelson Historical Society Journal, Volume 2, Issue 1, 1966
Probably named after the English town although Wakefield had some connection with Halifax, Nova Scotia, while in the navy. He is said to have jumped overboard from his ship on two occasions to rescue seamen who had fallen into the water. Nelson also was in Canada in the 1780's—but I fancy the English town (or Lord) as it occurs in a group of British names in the third list.
On the old maps it ran further up the hill at the Botanics. The western end must have been a paper road for many years. Hob-house said, in 1859, that it was not formed, and in 1879, a ship, the Wakatu, was built in Bridge Street and launched in the water where Anzac Park is now. There must have been a free passageway for the ship from the Saltwater Bridge to the Port so it is hard to imagine Halifax Street running as far as Haven Road. The land on the south side of Halifax Street from Trafalgar Street to Haven Road was very swampy and there was little building there before the end of the Century.