The attractive tree-lined commercial centre of Yarra Glen along Bell Street includes the prominent landmark of the Grand Hotel which built in 1888. Further north along Bell Street is the Yarra Glen Shopping Centre which overlooks parkland and lakes near Pinoak Drive.
A recreation reserve is located along the northern bank of the Yarra River, including the town's showgrounds, sports ovals and picnic areas, and is particularly attractive in autumn.
The town itself is set amongst the rolling hills of the fertile Yarra Valley which is home to a large number of vineyards. Yering Station, just south of the town centre on the Melba Highway, was Victoria's first vineyard and features beautiful gardens, a winery complex and the historic Chateau Yering (built in 1854) which is now a hotel and dining venue. Following the Melba Highway north of Yarra Glen and onto Dixons Creek takes travellers to the De Bortoli winery. It is one of the region's largest with over 240 hectares of vines, a cellar door, restaurant and beautifully landscaped grounds.
The Sugarloaf Reservoir, located west of Yarra Glen in neighbouring Christmas Hills, includes several picnic and BBQ areas, walking tracks, and lookouts at the dam wall.