Ice Water was a bay mare owned and bred by George Gardiner.
She was trained by future Hall of Fame trainer, Lou Cavalaris, Jr., Racing at tracks in Toronto, at age two Ice Water won the important Natalma Stakes.
Although she ran second in the Canadian Oaks, she ended 1966 as the dominant filly in her country.
Ice Water raced and won at age four and five, notably winning her second and third consecutive runnings of the Belle Mahone Stakes.
She was retired to broodmare duty for the 1969 season at her owner's breeding farm where she had limited success.