Roadside highway turnout Rest Area with view point South side of highway - Access to Ghost Lake Reservoir, Alberta. Facilities: Public Pay Telephone, Pit Toilets, water, boat launching site, benches, garbage containers. Ghost Lake Reservoir, Alberta lies in the foothills of the Alberta, Rocky Mountains at an elevation of 1,188 m (3,898 ft) and is lined on the north shore by Highway 1A. Trans-Canada Highway passes a short distance to the south. It was formed in 1929 with the completion of the Ghost Dam.The lake and dam are primary used for power generation. Fishing: The reservoir offers Lake Trout, Brown Trout, Cutthroat Trout and Whitefish. The location brings consistent, strong winds, which make the lake suitable for Sailing and Iceboating. Bow Valley Trail - Cochrane Alberta To Canmore Alberta