Positioned at the heart of the town’s entertainment precinct is Lake Pegasus, a 14 hectare feature lake with 4 kilometres of shoreline and 11 sandy and pebbled beaches offering the ability for endless water activities and enjoyment, including a heated swimming bay with a temperature controlled filtering system surrounded by a golden sand beach and temperature controlled heated pools for relaxation and recreation.
- 25 kilometres of scenic boardwalks and trails plus cycle tracks extending beyond the town’s boundary will allow residents to experience the magic of the surrounding landscape
- Horse lovers will also enjoy the opportunities available at the Pegasus Equestrian Centre, including stables and riding centre, and bridle ways out to the beach and neighbouring rivers
- Also included in Pegasus is the extensive redevelopment of Gladstone Park, the sporting hub of North Canterbury
- The Kidzone Recreation Area is an open, safe environment, located within the town’s residential district bordering the recreation precinct

