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This is a peninsula that provides good views around the lake and is the access to the Karaweik. There are restaurants (some cheap, some expensive) dotted around the lakefront and an amphitheatre that often has free concerts. Very popular with locals on Friday and Saturday nights.
Marmed Jahn Sunni Jamah Mosque
Formerly Victoria Lakes
A renovated park that makes for a nice stroll. Lots of small restaurants, food stalls and a playgarden inside. The lake is best known for its karaweik (at its southeastern tip), a replica of a traditional Burmese royal boat. There is also a board walk around the south edge of the lake, affording a better view than that from the gardens. At its northwestern tip is Bogyoke Aung San Park, which is on Natmauk Rd. Main entrance is from the southeast corner. Foreigners pay 300 kyat, and there's a sign indicating there's also a 500 kyat camera charge and a 1,000 kyat video camera fee, but those don't seem to be enforced. Not all parts of the park are accessible from the southeast entrance, so you might have to walk around a bit on the street as well to see the park completely.
This is the house where Aung San lived with his wife and three children until his assassination. The house is still in original condition and houses a museum with many interesting items on display, e.g., Aung San's car, his library and his suits. Outside is the pond where his son, Aung San Lin, drowned. The accident was one of the reasons why the family moved.