[4] Bayswater station opened on 4 December 1889, when the railway line from Ringwood was extended to Upper Ferntree Gully.
[4] Like the suburb itself, the station was named after Bayswater House, a large property owned by bookmaker and publisher James John Miller.
[8] In that year, boom barriers were provided at the nearby Scoresby Road level crossing, in the down direction from the station.
[4] Bayswater was once the destination for freight services conveying cement, with the last train operating on 24 June 1987, after which the traffic was relocated to Lyndhurst, near Dandenong.
[9] In April 1998, a train maintenance centre and stabling facilities opened adjacent to the station, as part of the replacement of the Jolimont Yard.