Cycling in Niagara on the Lake Cycling in Niagara on the Lake Spending the Day Cycling in Niagara on the Lake is a Wonderful Way to Experience all the Sights and Sounds historic Niagara-on-the-Lake "Old Town" has to Offer. Niagara-on-the-Lake, located just outside of Niagara Falls, ON, is one of the most beautiful, historic and picturesque towns in Ontario.