Lākhouse reaches project completion

March 20, 2024

Congratulations to Aalto Development on reaching the completion of their Lākhouse development in Barrie, Ontario.

Lākhouse Lakefront Residences is a 10-storey resort-inspired project featuring 178 residential units boasting stunning views of Lake Simcoe.

Over the course of development, the Lākhouse team reached many remarkable milestones, including achieving the ‘Project of the Year Award’ at the Simcoe County Home Builders’ Association gala in 2022. This award represented their commitment to excellence in bringing the vision of Lākhouse to life.

In December 2020, MarshallZehr provided a $27M 2nd mortgage for the project after acting as the broker on the 1st mortgage. We were proud to witness the dedication made by the Aalto Development team as the project evolved.

We look forward to the impact Lākhouse will have in the community and wish Aalto Development continued success on their future developments.


About MarshallZehr Group

MarshallZehr Group provides customized construction and development financial solutions for high-performing real estate developers. With more than $4B of fundings over 385+ projects, MarshallZehr has become one of Canada’s most trusted real estate capital partners. We add value beyond capital – our team’s decades of experience help deliver the strategic insight and vision necessary to craft tailored financial solutions, all backed by our industry recognized mortgage administration services.

About Aalto Development

Aalto Development is a premium real estate developer dedicated to quality above all else. They recognize that where you live impacts how you live, so they create homes and buildings with the goal of enriching your lifestyle through beautiful design. Aalto Development’s roots can be traced back to Finland. With many successful projects in Finland, The Aalto Group expanded into the Canadian Marketplace to offer Canadians the same premium living experiences that made them successful in Europe.