Canadian National Railway - In July of 1993 the railway paid $1 dollar for property worth millions.

House of Commons Debates - March 24, 2010 Ottawa
Mr. Brian Jean, Conservative;
     "In the 1980's and 1990's, the government of Canada began divesting itself of transportation assets and removing itself from the direct involvement of delivering transportation services because, in part, people locally do a better job than the provinces and certainly the cities of managing those assets. Accordingly, in 1993 (Canada) entered into an agreement with the CNR  to transfer title to the railway company of all Canadian government railway lands across Canada for $1 dollar. It was a great deal. One of the assets transferred was the Quebec Bridge."
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St. Clair Tunnels - 2 separate rail tunnels that were built between Sarnia, Ontario and Port Huron, Michigan. A Canadian surveyor named Joseph Hobson designed the tunnels and they were built during the years 1889-1891. The St. Clair Tunnels were a Parks Canada National Historic Event, but they are now United States Historic Landmarks, designated in 1993.

The Quebec Bridge - connects Laval, Quebec and Quebec City. Now owned by Bill Gates/CN Rail. Sold for $1 dollar to the Crown corporation CN Rail, which was privatized in 1995.
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House of Commons Debates  May 19, 1993 Ottawa
Mr. Dingwall (Official Opposition House Leader, Liberal.)
     "With respect to Canadian National (CN): (a) How many hectares of undeveloped land does it presently own. (b) How many hectares of developed land does it presently own (c) What is the total market value of the land?"

Mr. Jean Corbeil: Conservative.
     "The management of the Canadian National Railway advises as follows:
(a) and (b) CN as a whole has approximately 150,000 hectares of land. Most of this inventory is in rail operating use.
At CN Real Estate, the real estate business arm of Canadian National, there are approximately 14,000 hectares of undeveloped land in the inventory at the present time, of which 8,700 hectares are abandoned rights of way, 5,000 hectares are other rural and miscellaneous lands, and 308 hectares are development sites.
Assuming that developed land includes buildings, these buildings would be generally measured in square feet, not acres or hectares. At the present time, CN Real Estate wholly owns approximately 726,000 square feet of office buildings, multi-use properties, retail and parking structures in major markets, and has an ownership in an additional 3,400,000 square feet of income producing properties.
(c) The total market value of all of CN Real Estate's land holdings and income properties is approximately $900 million dollars."

Many train stations were Classified or Recognized Federal Heritage properties. But they lost all heritage protection and designation when the CNR was privatized. The Heritage Railway Stations Protection Act only applies to buildings that are owned by the government of Canada.