[2] It is situated in the Cub Hills[3] and the boreal forest[4] ecozone of Canada.

It is east of the larger Stickley Lake and is surrounded by a forest of mature jack pine.

Upper Fishing Lake is along the course of Caribou Creek, which flows into Lower Fishing Lake and eventually on to the Saskatchewan River via Stewart Creek and Torch River.

At the campground, there's access to the lake, a boat launch, picnic tables, a fishing cleaning station, and fire pits.

[7][8] Fish commonly found in Baldy Lake include walleye, yellow perch, white sucker, and northern pike.