The earliest part of the narrow gauge Hamley Bridge-Gladstone line opened from Balaklava to Blyth on 14 March 1876 as part of the Port Wakefield line but a railway station wasn't erected at Balaklava until the line opened from Hamley Bridge to Balaklava on 15 January 1880.

[1] The station consisted of a main building, a goods shed and railway yards.

[3] A large iron wheat silo was constructed in 1956, also being one of the first in that region.

The station was closed to regular passengers by 1982 and both lines past Balaklava were removed by 1990.

[5][6] In 1997, the railway line and were included in the transfer of Australian National's freight assets to Australian Southern Railroad (later known as One Rail Australia.)