Fishing is permitted in the lake and the catch may include: perch, walleye, crappie, and smallmouth bass.

Flood control measures had been first used in the 1890s and also by the construction of the Shand Dam that gave form to Lake Belwood in 1942,[3] but a long term solution was still needed.

The dam was proposed by the then Grand River Conservation Commission in 1952, but construction did not begin until 1955 due to local disputes, Hurricane Hazel and lack of government funding during the Korean War.

[4] Conestogo Lake Conservation Area is a recreation area located at the south end of Conestogo Lake near the community of Glen Allan and managed by the Grand River Conservation Authority.

The conservation area hosts snowmobile trails during the winter months when snow is present.