The track from Coldstream to Yarra Glen was formerly leased by the Yarra Valley Tourist Railway, who discontinued their lease due to the poor condition of bridges along the line.

[citation needed] An old platform in poor condition remains at the former station.

Until 1992, freight trains ran to Coldstream to service the fertilizer factory adjacent to the former station.

As of January 2020, Coldstream station has become part of the Yarra valley rail trail and the platform has been restored.

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