Situated in the northeast area of the watershed, this Class 1 Wetland is tucked into the rolling landscape of Grey County. It is a source area for the Rocky Saugeen River, one of the major tributaries of the Saugeen River watershed. Saugeen Conservation currently owns over 610 ha (1,500 acres) of land around this beautiful lake.

Bell's Lake is noted as an excellent canoeing location. Its calm waters and peaceful surroundings make it a delightful outing and one of Saugeen's hidden treasures.