Lough Neagh is situated in lower end of Ballymaguiagn. It is regarded by fishermen of Ballymaguigan and surrounding areas as one of the best places to obtain eels in Ulster, and is also good for obtaining salmon. Due to its location on the shores of Lough Neagh, was once the primary source of income for many families in Ballymaguigan.
The University of Ulster used to have a base in Ballymaguigan, located on the Point Road. The university campus tested and treated the waters of Lough Neagh, to treat and look after the wildlife in the lough. The laboratory is now closed and was formerly the largest marine biology center in the UK.
Sport
are the most popular sports in the area, with St. Trea's G.F.C being the local club. Ballymaguiagn fields Gaelic football teams at U12, U14, U16, Minor, Reserve, Thirds and Senior levels. There are also Minor and Senior ladies Gaelic football teams. Prior to 1944 one team catered for the combined interests of Ballymaguigan and Newbridge. The war came, Toome Airfield was built, practically dividing the parish in two, thus making it very difficult for the Ballymaguigan players to travel to the pitch in the creagh for training. Paddy Batson suggested that a ball be purchased so that the local players could practise in Ballymaguigan. From this initial step the beginnings of an independent club became apparent.
Shore Road is the main road within Ballymaguigan and is named the Shore Road because it runs along the shore of the lough. The road is about long and partially runs through the villages of Newbridge, Ballymaguigan, Ballyronan, Ballinderry and Coagh, before it becomes the Ballinderry Bridge Road. A number of other roads run off the right of the Shore Road and eventually these roads end at the lough. These roads are named the Waterfoot Road, Moss Road, Lough Road and Point Road. Barrack Road runs from O'Neill's Park to the Gracefield Road Barrack Road runs from the middle of the Barrack Road to the beginning of the Ballymaguiagn Road. This road was formerly known as "Charley's Hill". Ballymaguigan Road almost runs parallel of the Barrack road. It begins just off the left hand side of the Shore Road and forms a cross-roads with the Lough road. The Ballymaguigan road finishes at the Gracefield road. The Waterfoot Road is actually two roads. It begins just off the left hand side of the Shore Road and forms a cross-roads with the Waterfoot Road. The Waterfoot road finishes at the Gracefield road. O'Neill's Park is named for the housing development of the same name and is located on what is known locally as "The Island Hill". The entrance of this development is just off the Barrack road. The development consists of twenty six houses. Gracefield Road runs almost parallel to the Shore Road, and is known as "the Morvorians" after the local church and graveyard on the Ballymaguigan Road. In 2004 there were 4 new houses built on the Gracefield Road which have their own name; Riverside.
