Great Bear Lake Lodge There is no better fishing in the world. Explore an array of Great Bear Lake, US vacation rentals, including houses, apartment and condo rentals & more bookable online. Great Bear offers more than 220 acres of unlimited year-round fun and excitement just minutes away from downtown Sioux Falls, SD. Its area is 12,000 square miles (31,100 sq km). Choose from more than 37 properties, ideal house rentals for families, groups and couples. Rent a whole home for your next weekend or holiday. I really enjoyed this beautiful location and visited the lake and walked the trail several times during my visit. Located in the Northwest Territories, Great Bear Lake is the largest lake lying wholly within Canada and the fourth-largest in North America. Learn more about fishing Great Bear Lake. Great Bear Lake drains into the Mackenzie River. Great Bear Lake boasts the All Tackle World Records for Lake Trout and Arctic Grayling, as well as dozens of line class records. The Arctic Circle crosses its northern segment. Bear Lake is a beautiful subalpine lake surrounded by pines, aspen groves, ablaze with color in early October, and an easy, accessible 0.5 mile (0.8k) loop trail with essentially no elevation gain. As the largest park in the Sioux Falls Parks & Recreation Department, Great Bear features winter sports activities for the whole family. The Great Bear Lake (Slave: Sahtú; French: Grand lac de l'Ours) is a lake in the Canadian boreal forest.It is the largest lake entirely in Canada (Lake Superior and Lake Huron straddling the Canada–US border are larger), the fourth-largest in North America, and the eighth-largest in the world.