Balsam lake is named for the Balsam Fir which is prevalent around the lake and throughout the township and is a great lake for fishing and exploring.

Its 710 acres are full of life and unexplored areas. Fishing available includes Largemouth Bass, Panfish, Northern and Walleye. Its maximum depth is 37 feet. For more detailed information on the fishing conditions in Balsam Lake, please visit the Minnesota DNR.