The CEMR Pine Falls subdivision runs from Beach Junction in Winnipeg to Pine Falls, Manitoba. The majority of it is unused at present due to the closure of the mill in Pine Falls.
| Mileage | Stations |
| 0.0 | BEACH JUNCTION
Junction with CN Redditt subdivision |
| 0.2 | PETERS
|
| 3.8 | PINE JUNCTION
Connection with CP Keewatin subdivision |
| 4.1 | Crossing of CP Keewatin subdivision |
| 10.2 | MANLIUS |
| 17.1 | GONOR |
| 22.4 | BRAINERD |
| 23.1 | Manitoba Hydro Spur, 4 miles |
| 24.0 | EAST SELKIRK |
| 34.3 | LIBAU |
| 41.1 | End of track (as of May 2013) |
| 53.3 | STEAD |
| 65.9 | MCCARL |
| 66.4 | Manitoba Paper Spur, 1.9 miles |
| 67.5 | PINE FALLS |