At the base of Volcán Imbabura lies Lago San Pablo, just down the hill from El Lechero,the tree with which it is said to be eternally linked. On its shore live many weaving families who celebrate colorful fiestas. San Pablo del Lago, the town at the far end of the lake, is worth a visit.
The Condor Park is also nearby Lago San Pablo.
Note: The above image was captured on the hill coming down into Otavalo, and you can see the lake at the very bottom of the photo, Volcán Imbabura looming over the lake, and Volcán Cotacachi in the background.