This perfectly serviceable backpacker haven has mixed dorms and a thatched restaurant. It's not waterfront, but there's a swimming dock across the road that you can access.
Gorilla View Backpackers
Kabale, UG
Bunyonyi View Resort
Bunyonyi Gorilla View Parkers
Crater Bay
Lake Bunyonyi Overland Camp
Bunyoro Overland Resort