Dating back to 1897, the building was listed in 2007 when it was threatened with demolition but remained in a state of disrepair.
A Condition Survey commissioned in 2012 stated "it would likely prove more economically viable to demolish and rebuild the property".
However, North Down Alliance Councillor Andrew Muir said he's delighted that following years of lobbying, plans to re-open the refurbished Cultra Station are finally on track.
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He said: "Careful restoration work undertaken has helped bring the building back to life with traditional exterior contrasted by impressive interiors to deliver two spacious units within the old Station House sensitively complimented by three additional units within the site. It will be fantastic to see people living in a building previously on the brink of demolition.
"I am particularly grateful to NI Environment Agency, Holywood Conservation Group, Ulster Architectural Heritage Society, former TD Dominic Hannigan and the many other interested people and groups who helped ensure it was full steam ahead for the Save Cultra Station House campaign. Once complete it will be fantastic testament to fact that hard work and determination delivers."
(CD/LM)
