Lady Falls is a 30-metre (98-foot) waterfall located in Strathcona Provincial Park, in the central part of Vancouver Island. It is a short and easy waterfall walk, with the trail beginning directly from Highway 28 and leading through old-growth forest of western red cedar, Douglas fir, and western hemlock before reaching a viewing platform overlooking the falls.

Lady Falls is an easy stop when travelling to Gold River. The trailhead is right beside Highway 28, making it a convenient place to stretch your legs and take a short walk through the forest before continuing west toward Gold River. The trail is 900 metres long, with a suggested walking time of about 20 minutes.

The waterfall drops into a rocky gorge below the viewing platform, while the surrounding forest is an important part of the experience.

Water levels can change with rainfall and seasonal conditions, giving the falls a different character throughout the year.