This building played a major role in the region's development. It was the original Lilydale Station building, and so it played a part in the prosperous development of the Lilydale district which came as a direct result of the opening of the railway. Later, it was moved to its present site where it served as the main Yarra Junction station building. In this role it played a part in transportation for Upper Yarra's prosperous timber and tourist industries. (Tansley, 1978)

The building is of stud frame and weatherboard construction with a corrugated iron roof. It has been altered through the years but its basic structure is original. (Tansley, 1978)