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The township comprises the communities of Bridgenorth, Chemong Heights, Chemong Park, Connaught Shore, Deer Bay, Emerald Isle, Ennismore, Fife's Bay, Flood's Landing, Fowlers Corners, Gannon Beach, Gannon Village, Kawartha Park, Kimberley Park, Lakefield, Selwyn, Selwyn Shores, Stewart Heights, Tera View Heights, Tindle Bay, Victoria Springs, Village Meadowa, Windward Sands, Woodland Acres, Young's Cove, Young's Point and Youngstown.
The region is mostly rural, home to small villages and hamlets. Farms have been established on most of the flat areas that are intermixed between the rolling hills and lakes. The Trent-Severn Waterway passes through the township.
The township was created in its current form on January 1, 2001, by amalgamating the formerly independent village of Lakefield with the township of Smith-Ennismore and part of the township of Douro–Dummer.
The region is in the heart of Ontario's eastern 'Cottage Country', where urban residents (mostly from the Toronto region) have cottages on many of the small lakes. Many of the retail and services offered in the region cater to this seasonal market.
Small scale farms are a large industry, dairy and meat production are some of the notable goods.
After the 2010 Ontario provincial-wide elections, Mary Smith won the position of reeve from former reeve Ron Millen by nearly one thousand votes. Also, for deputy reeve, Andy Mitchell won after Mary Smith had the position for a number of years.
According to the 2001 Statistics Canada Census:
According to the 2006 Statistics Canada Census:
Near the village is Lakefield College School which Prince Andrew, Duke of York attended in 1977. The campus was the filming location for the 1977 Canadian film Age of Innocence. In the village itself is the Ridpath Junior Public School named after James William Ridpath, publisher in the late 19th century and early 20th century of the Lakefield News, local businessman, sportsman and dignitary. Located right in the village is the Lakefield District Secondary School. St. Paul's Catholic School situated very close to the high school is the area parochial school.
In Paul Nicholas Mason's novel Battered Soles (2005), Lakefield is the site of a pilgrimage, begun in July 1997, which sees thousands of pilgrims from all over the world walk from Peterborough along the Rotary Greenway Trail to St. John's Anglican Church in the village. The focus of the pilgrimage is a life-sized statue of a blue-skinned Jesus in the basement of the church. Mason's second novel, The Red Dress (2008), is also set in Lakefield, although this time the community is thinly-disguised as Greenfield.
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