The station has a single island platform connected to the station building by a level crossing. The station has automated ticket machines, Manaca automated turnstiles and is unattended.
Wakabayashi Station was opened on July 5, 1920, as a station on the privately owned Mikawa Railway. The Mikawa Railway was merged with Meitetsu on June 1, 1941.
Passenger statistics
In fiscal 2017, the station was used by an average of 6051 passengers daily (boarding passengers only).[1]