Dunphy's Pond is located within Terra Nova National Park in Newfoundland and Labrador, and is described as the largest pond in the park. It sits along a popular multi-pond canoe route that begins at Sandy Pond and passes through Beachy Pond before reaching Dunphy's Pond, covering approximately 10 km one way. The pond is accessible by canoe from Sandy Pond via a portage of roughly 400–800 m between Sandy Pond and Beachy Pond, after which paddlers continue onward to Dunphy's Pond. Dunphy's Island, located at the far end of the pond, has backcountry campsites with pit privies and a no open fires policy, accommodating up to 4 parties. A separate set of 5 backcountry campsites is also listed for Dunphy's Pond itself, accessible by canoe at 10 km or by trail at 5 km. Campsite reservations and permits are required and can be obtained at the Terra Nova National Park Visitor Centre.

The route from Sandy Pond through to Dunphy's Pond is considered suitable for introducing younger or less experienced paddlers to backcountry canoe tripping, as it provides a sense of wilderness travel while remaining relatively close to the highway. Canoe rentals are available at Sandy Pond by the hour or day.

The pond and its surrounding trail are noted for wildlife viewing, including loons on the water, caribou along the shoreline, and boreal bird species such as crossbills, grouse, and owls. The Dunphy's Pond Trail, which runs 10 km return and is rated moderate, is open from mid-May through mid-October and is shared with hikers and cyclists. This trail is described as popular with canoeists as well.

A park entry permit is required for access. The broader Terra Nova National Park canoe route — continuing beyond Dunphy's Pond to Pitts Pond and Terra Nova Lake — is documented in published route guides, suggesting the pond functions as a waypoint in longer multi-day trips as well as a destination in its own right.