Waterloo Regional Police are on scene in the Snyder's Flats Road area of Bloomingdale.
Police confirmed to 570 NEWS that a body was discovered in the water near the beach area.
Police say the victim is a 25-year-old male, and a group of friends were reportedly in the area at the time.
The death is believed to be accidental or a result of misadventure.
Police are asking the public to avoid the area. Snyder's Flats Road is closed at Sawmill.