Cochrane Ranch Historic Site and the Cochrane Ranch House share the same grounds. The historic site is exactly that - a historical snapshot into the past of Cochrane. There are artifacts, a walking trail, information signs, picnic area and information centre.
Ghost Reservoir Lake is popular for water sports like sailing, wind surfing, fishing, water skiing, jet boating, canoeing, kayaking and sightseeing. There is a campground and picnic area. In the winter ice fishing and ice sailing are popular.