Wood Lake is located in the Lake Country area of British Columbia's Okanagan region. The lake's shoreline is bordered by the Okanagan Rail Trail, public parks, and private residences, giving it a developed but scenic character. Wildlife regularly observed on and around the lake includes Great Blue Herons, Mallard ducks, Bald Eagles, and Osprey.

Paddlers have access to the lake via an accessible kayak launch on Pelmewash Parkway, reached through the dog park at that location. This launch was installed with support from the Lake Country Rotary Club, the District of Lake Country, and the Oceola Fish and Game Club, and includes an accessible fishing dock. Wood Lake RV Park & Marina also provides lake access, with a boat launch and onsite rentals of kayaks and paddleboards available for those who need equipment.

Motorized boat traffic is a notable consideration for paddlers on Wood Lake. Power boaters are encouraged by the District of Lake Country to reduce speed and keep wakes low in shallow water, a measure intended to reduce shoreline erosion and minimize interactions between motorized vessels and non-motorized lake users such as swimmers and paddlers. Despite these guidelines, paddlers should remain aware of boat traffic, particularly in areas outside designated slow zones.

The shoreline erosion caused by boat wakes is an acknowledged concern on Wood Lake, with the Okanagan Rail Trail and adjacent public assets identified as vulnerable to wave damage. Paddlers hugging the shoreline should be mindful of this dynamic environment. The presence of Winfield Creek, which flows through the adjacent RV park area, adds a minor natural feature to the southern end of the lake.