A school was opened in 1895. In 1908 an unsuccessful poet took up residence in Toolangi, first in a tent and later in a timberworker's hut. Dennis built a house at Toolangi, naming it Arden. The house and garden have been restored by new owners, and are open for public visits. Toolangi has State forest reserves north and south of the township, and the Kinglake National Park is to the west.
Timber mills continue to function, harvesting hardwood and regrowth forest.
The Toolangi State Forest has a Forest Discovery Centre for visitors. Toolangi continues to be a resort for fishing and scenery. The township has a church and the C.J. Dennis Memorial Hall. Most of Toolangi's settlement runs along the river valley, adjacent to the Healesville-Kinglake Road. The First Hundred Years , 1995.