The waterfalls are the main natural attraction in the park. And there are also two historic sites located in the park for viewing - an old creamery and fish hatchery.
The Cochrane Ranch Historical Site is a day use park with large grass lawns, a walking trail, a picnic area, historical artifacts, an information centre, outdoor stage and washrooms.
Today, Ghost Lake is a recreation destination for many who like to play on the water. There is a recreational campground, day use picnic area, marina, boat rentals and a chandlery.