The Leongatha Railway Station complex is of local historic and aesthetic significance to South Gippsland Shire.
Historically, the complex at Leongatha was second in importance only to Korumburra on the South Eastern Railway and demonstrates the importance of railways to the development of the Shire. It is also important as one of a group of public buildings constructed in Leongatha in the Federation period that demonstrate the emerging importance of the town as a commercial and civic centre at that time. (AHC criteria - A.4 and D.2)
Aesthetically, the station building, which is one of only two constructed of brick in the Shire, is a substantially intact example of the "Specials" sub-group of the "Gisborne" style that retains the corrugated iron wing on the up side, which is now rare. The overall complex, which includes associated buildings such as the Goods Shed and staff accommodation, and the informal park surrounds forms an important precinct that makes a signficant contribution to the historic character of Leongatha. (AHC criterion - E.1)