Parklake ward lies within Craigavon's central urban area, characterised by a mix of residential housing estates and local commercial services. The layout follows the area's original planned design, with neighbourhoods centred around schools and community facilities. Its streets connect to the main thoroughfares serving the wider borough, facilitating daily travel for residents. The housing primarily consists of detached and semi-detached homes from the late 20th century, providing a settled suburban environment for families and commuters.
A significant feature is the ward's namesake, the large artificial lake and surrounding parkland at its heart. This green space provides walking paths, play areas, and sports pitches, forming a central recreational hub. The area includes several retail parks and the main council offices, making it an administrative and commercial focal point. The community is served by a range of primary and post-primary schools, underlining its function as a established residential district within the wider Craigavon settlement.
