Two adjacent sites at 565 Watt Street and 545 Watt Street in Winnipeg's Elmwood neighbourhood are part of the City of Winnipeg's Housing Accelerator Fund (HAF) initiative. This federal-provincial-municipal program aims to accelerate affordable housing development on underused city-owned land.
In 2024–2025, the City identified several city-owned priority sites (including these Watt Street properties) for redevelopment to address Winnipeg's housing shortage.
The City issued RFPs/solicitations for developers in early 2025, emphasizing mixed-income projects with a significant portion of affordable units (at least 30% meeting city affordability criteria). Developers were selected around July 2025 as part of a broader package of five sites expected to deliver nearly 700 new units city-wide, with over 270 affordable.
The sites were sold or transferred via city processes in 2025. Subdivision and rezoning (from public works to multi-family residential) were approved by the East Kildonan-Transcona Community Committee in November 2025 and by Council in December 2025.
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