The Tottenham forward picked up the award for the country's best young player, as voted by his fellow professionals.
The England international is the first Spurs player to win the award since Gareth Bale in 2013, when the Welshman also won the Player of the Year trophy.
Kane was understandably delighted, and credited White Hart Lane boss Mauricio Pochettino for giving him the opportunity this season.
"It is amazing. It is a very proud moment for myself and my family - hopefully the first of many to come," Kane was quoted as saying by the BBC after receiving his award.
"I have got to keep working hard, but to be recognised by your fellow players is something special and it is a night I won't forget.
"I got the opportunity with the gaffer and I have really enjoyed my season so far - I have taken my chance."
The Tottenham striker has had a phenomenal 2014-15 campaign, scoring 30 goals and creating 6 more in his 47 games so far. He is the first Spurs player since Gary Linkeker in 1991-92 to score hit the 30-goal mark.
Particular highlights of the 21-year-old's season are his Europa League hat-trick against Asteras Tripolis in October, and braces in superb home wins over both Chelsea and Arsenal early in 2015. The forward was a runner-up with Spurs in the League Cup final, and scored on his debut for England against Slovenia just a week after netting his first Premier League hat trick against Leicester City.
Kane, who described his season as "unreal'' in the Guardian, said that winning the award was, "an incredible feeling.”
The youngster also finished second in the main player award, with Chelsea star Eden Hazard taking home the trophy in that category. The Belgian was runner-up to Kane for the young player trophy.