Shadow lake is located north of Fenelon Falls and east of Orillia between Coboconk and Norland, in the City of Kawartha Lakes.
Shadow Lake is located in the transition zone between the limestone belt to the south and the Precambrian country to the north. As a result, Shadow Lake has a great variety of waterfront types ranging from flat, level and landscaped lots, to smooth, rugged granite shoreline.
Shadow Lake, and Silver Lake to the south have many bays along their 11 km length, and a total shoreline of 41 km. These largely protected, landlocked lakes provide for calm waters and create splendid boating conditions including great water for canoeing, kayaking and sailing enthusiasts. There are only a few underwater shoals, and these are marked during the boating season.
The flow and water levels of the Gull River/Shadow Lakes system is controlled through dams operated by Parks Canada.
Waterfront properties on Shadow Lake have transformed significantly in the past decade, as rustic, three season cottages are giving way to much more substantial four season weekend and full-time properties.