Lake Waihola is a tidal freshwater lake located 15 km north of Milton in Otago, in New Zealand's South Island. It's area is some 9 square kilometres, with a maximum length of 6 kilometres.
Lake Waihola is a popular day trip for holidaymakers from Dunedin, 40 km to the north.
The small township of Waihola (population 200), nestled against the lake's eastern edge, has facilities for fishing, yachting, and waterskiing, and the lake is an important rowing venue.

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