UWCRC 2.0 INC.

What UWCRC 2.0 INC. does

UWCRC 2.0 Inc. is a Canadian non-profit, charitable development corporation established in 2016 as a parallel entity to the University of Winnipeg Community Renewal Corporation (UWCRC, founded 2005). The organization develops mixed-income, mixed-use real estate projects in downtown Winnipeg guided by a four-pillar sustainability framework spanning environmental, social, economic, and cultural dimensions. Its core offerings include residential rental buildings (Downtown Commons, West Broadway Commons, Muse Flats, Solara Flats, Market Lands), campus facilities (McFeetors Hall, Richardson College, Axworthy Health & RecPlex, Buhler Centre, Leatherdale Hall, Merchants Corner Hotel), the Diversity Foods social-enterprise food service joint venture with SEED Winnipeg, and consulting services to post-secondary institutions and First Nations clients.

The technical foundation is rooted in sustainable building design — facilities consistently target LEED Silver or Gold certification (four certified properties), and recent projects such as Solara Flats ($77M, 214 units, net-zero ready) and Market Lands ($54M, 102 units, designed for net-zero energy) push the portfolio toward higher-density, lower-carbon performance. Notable engineering features include heat recovery systems at Richardson College that capture 80% of energy from lab exhaust. As Winnipeg's largest core-area residential developer, the organization has delivered over 570 rental units — nearly half classified as affordable at 59-69% of CMHC Median Market Rent — supported by more than $200 million in development undertaken since 2005.

The business model combines recurring rental income from owned residential and commercial properties, fee-based development and project management services to external clients, food-service revenue through the Diversity Foods joint venture, and grant-funded community development work. Affordable housing units are priced at 59-69% of CMHC Median Market Rent while market and premium units capture higher price points; tenant acquisition is primarily direct through on-site leasing offices. The organization is governed by a board including University of Winnipeg leadership alongside external community directors, and operates a 40+ person staff across development, finance, projects, and property management functions.

Name

UWCRC 2.0 INC.

Legal name

University of Winnipeg Community Renewal Corporation 2.0 Inc.

Website

https://uwcrc.ca

Company type

Private

Founded year

2016

Operating status

Operating

Headcount range

11–50 employees

Short description

UWCRC 2.0 Inc. is a Winnipeg-based non-profit developer delivering mixed-income, LEED-certified and net-zero-ready housing and campus buildings, having completed over 570 rental units on behalf of the University of Winnipeg and the broader downtown community.

Ownership category

akta.pro rank

Product category

Affordable Housing Development

NAICS

New Multifamily Housing Construction (except For-Sale Builders) (236116)

SIC

Operators Of Apartment Buildings (6513), Land Subdividers & Developers (No Cemeteries) (6552)

akta.pro primary industry

Affordable Housing & Community Development (Housing, Community Land Trusts) (BPAGALAC)

Keywords

• Mixed-income housing
• Real estate development
• Affordable housing
• Campus development
• Property management

Headquarters

HQ city

Winnipeg

HQ country

Canada

HQ region

North America

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Supply Chain, Technology or R&D, Marketing or Sales

Revenue model

1. Real Estate Rental Income: Revenue from residential and commercial property rentals including apartments at Downtown Commons, West Broadway Commons, Muse Flats, and commercial spaces in mixed-use developments.
2. Development and Project Management Services: Providing development, project management and property management services to post-secondary institutions, non-profit organizations and First Nations clients.
3. Food Services Operations: Diversity Foods operates cafeterias, restaurants, and catering services for the University of Winnipeg, generating revenue while achieving social objectives.
4. Consulting Services: First Nations economic development consulting and business development services, including land acquisition strategy and business capacity building.

Pricing tiers

Go-to-market motion2 records

Distribution channels3 records

Marketing channels4 records

Core offering

UWCRC 2.0 Inc. is a non-profit, charitable real estate developer that plans, develops, owns, and operates mixed-income, mixed-use residential and commercial properties in downtown Winnipeg. The company develops LEED-certified and net-zero ready rental housing (Downtown Commons, Muse Flats, West Broadway Commons, Solara Flats, Market Lands, McFeetors Hall), campus facilities for the University of Winnipeg, and provides development, project management, property management, and First Nations economic development consulting services.

Product overview

UWCRC 2.0 INC. is a not-for-profit real estate developer and housing provider that operates as a portfolio of distinct residential and commercial development projects. The company's core offerings include mixed-income, mixed-use housing developments (Downtown Commons, West Broadway Commons, Muse Flats, Solara Flats, Market Lands) and campus buildings (McFeetors Hall, Richardson College, Axworthy Health & RecPlex, Buhler Centre, Leatherdale Hall). The company also operates Diversity Foods as a social enterprise food service and provides development consulting services. Projects range from student residences and affordable housing to recreational facilities and commercial spaces, all guided by four pillars of sustainability: environmental, social, economic, and cultural.

Differentiator

Problem solved

Functional benefit

Products and services

• Downtown Commons A 14-storey, 112,000 sq. ft. mixed-income residential building at Portage Avenue and Memorial Boulevard in Winnipeg with 102 one-, two-, and three-bedroom premium, market and affordable apartments, including 31 affordable units for University of Winnipeg students and families.
• Muse Flats A 119-unit mixed-income, mixed-use accessible and sustainable apartment building at 290 Colony Street in Winnipeg's downtown arts precinct, featuring studio to three-bedroom suites, four visiting artists' residence program suites, and a rooftop terrace with art and music room.
• West Broadway Commons A 110-unit mixed-income apartment building at 167 Colony Street developed as a joint venture with All Saints Anglican Church, featuring 2,292 sq. ft. of street-level commercial space, rooftop terrace, fitness room, and indoor bike storage.
• Solara Flats A 21-storey, $77 million net-zero ready mixed-income, mixed-use high-rise development at 308 Colony Street with 214 apartment units (studio to two-bedroom), 86 affordable housing units, and four ground-floor commercial spaces.
• Market Lands A $54 million, 10-storey mixed-use building in the Exchange District designed for net-zero energy consumption, with 102 apartment units (studio to two-bedroom), 52 affordable units, and a Creative Hub on the first and second floors.
• McFeetors Hall: Great-West Life Student Residence A 6-storey, 82,000 sq. ft. mixed student residence and townhouse building with 172 dorm-style beds and 25 one-, two-, and three-bedroom townhouses, including 19 affordable units, opened in September 2009.
• Merchants Corner Hotel A $15.7 million redevelopment of the original 1913 Merchants Hotel building into mixed residential, commercial, and educational uses, with 30 affordable housing units, academic classrooms, CEDA offices, and a public café.
• Diversity Foods A joint-venture social enterprise between UWCRC and SEED Winnipeg providing cafeterias, a licensed restaurant (Elements), and catering operations to the University of Winnipeg, focused on locally sourced, organic, multi-ethnic food and providing employment for New Canadians and Aboriginal people.
• Development and Consulting Services Full range of values-driven development services including pre-development environmental scans, business case analysis, financial modelling, feasibility assessments, project management, property management, and First Nations economic development consulting for post-secondary institutions, non-profit organizations and First Nations clients.

Quantifiable outcome

• Since 2007, tripled the number of housing units for students while maintaining affordability
• +3 more outcomes

Named customers6 records

Segments4 records

Ideal customer profiles5 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

13 partnerships are on record, tiered core and secondary.

• SEED WinnipegcoreStrategic or Co-development PartnerJoint venture partnership to create Diversity Foods, a social enterprise delivering food services to the University of Winnipeg. This partnership exemplifies achievement of all four sustainability principles in a single development initiative.
• All Saints Anglican ChurchcoreStrategic or Co-development PartnerJoint venture partner for West Broadway Commons, a 110-unit mixed-income residential building at 167 Colony Street with 2,292 ft2 of street-level commercial space.
• Centre Venture Development CorporationcoreStrategic or Co-development PartnerPartnership for Market Lands project, a $54 million mixed-income, mixed-use development in Exchange District designed for net zero energy consumption.
• Lotus Holdings WinnipegcoreStrategic or Co-development PartnerDevelopment partner for Solara Flats, a 21-storey, 214-unit mixed-income high-rise project at 308 Colony Street.
• ArtspacesecondaryStrategic or Co-development PartnerPartnership for four visiting artists' residence program suites built within Muse Flats building.
• Brandon UniversitysecondaryStrategic or Co-development PartnerRetained by Brandon University to facilitate a planning process for a University-led revitalization of Downtown Brandon.
• Peguis First NationcoreStrategic or Co-development PartnerUWCRC retained to assist in developing land acquisition criteria using Treaty Land Entitlement funds and establish real estate development property management arm.
• Fisher River Cree NationsecondaryStrategic or Co-development PartnerUWCRC working with UWinnipeg to assist Fisher River Cree Nation in exploring commercial fishing and fish processing plant for organic fertilizer from Lake Winnipeg.
• Prairie ArchitectssecondaryTechnology or IntegrationArchitect firm for McFeetors Hall student residence project.
• Number TEN Architectural GroupsecondaryTechnology or IntegrationArchitect firm for Richardson College for the Environment & Science Complex and West Broadway Commons.
• Bockstael Construction LimitedsecondaryImplementation/ SI/ Consulting PartnerConstruction manager for West Broadway Commons and Muse Flats projects.
• Concord Projects Ltd.secondaryImplementation/ SI/ Consulting PartnerConstruction manager for Market Lands project.
• Cibinel Architecture Ltd.secondaryTechnology or IntegrationArchitect for Solara Flats 21-storey mixed-income development.

Scale indicators5 records

Recent moves8 records

Expansion highlights5 records

Direct peers

• Centre Venture Development Corporation: Winnipeg downtown development corporation focused on revitalizing Winnipeg's core-area through mixed-use real estate development. Directly comparable as UWCRC 2.0's joint venture partner on the Market Lands project and serves the same downtown Winnipeg catchment with overlapping mixed-income mandates.
• Options for Homes: Canadian non-profit affordable housing developer focused on creating below-market homeownership and rental opportunities in Toronto. Comparable non-profit, mission-driven affordable housing developer with similar sustainability and community-inclusion principles.
• UBC Properties Trust: University of British Columbia's real estate development arm responsible for campus expansion and mixed-use development. Closest Canadian analog to UWCRC's university-affiliated non-profit developer model, executing large-scale campus-adjacent mixed-income and mixed-use projects.
• SEED Winnipeg: Winnipeg-based social enterprise and community development organization. Joint venture partner with UWCRC on Diversity Foods and shares the four-pillar sustainability approach; comparable in mission orientation toward community economic development and affordable local food/services.
• Centretown Citizens Ottawa Corporation (CCOC): Ottawa-based non-profit housing provider operating multiple apartment buildings serving low- and moderate-income tenants. Directly comparable as a Canadian non-profit that owns and operates multi-unit affordable housing with community-led governance.
• Trillium Housing: Ontario non-profit housing provider developing and operating affordable and supportive housing. Comparable Canadian non-profit developer/operator focused on mixed-income, mixed-use affordable housing with community partnerships.

Broad incumbents

• Toronto Community Housing Corporation: Canada's largest social housing provider, operating tens of thousands of affordable rental units in Toronto. Comparable Canadian affordable housing operator at much larger scale, with similar reliance on government funding and mixed-income mandates.
• BC Housing: Provincial Crown corporation managing subsidized housing across British Columbia. Comparable as a Canadian affordable housing organization that partners with non-profits on development, though at substantially larger scale and operating as a government agency.
• Habitat for Humanity Canada: National Canadian affiliate of the global non-profit affordable housing organization. Operates at much larger scale across Canada building affordable housing; broadly comparable mission and reliance on government/foundation funding, though it focuses on homeownership rather than rental.

Others

• MakeWay (formerly Tides Canada): Canadian non-profit platform that supports charities, social enterprises, and environmental initiatives through shared services, granting, and back-office support. Adjacent comparable as a sustainability- and community-focused Canadian non-profit infrastructure organization that UWCRC could partner with for capacity building.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/uwcrc-2-0

Revenue estimate

Valuation estimate

Number of profiles

Profiles10 records

Subsidiaries1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about UWCRC 2.0 INC.