The previous name was Fabulous Bakery and Cafe... and when you look at the signage it now says Fabulous Bar and Cafe.
And that is what it is. I believe it operates as a bar cafe during the day, and I have only really experienced it at night.
Nice and central being right next to Bay and Dundas, it also gets a very interesting mixed crowd being opposite the Bus Depot.
You can always expect Rex the owner there in his leather vest, the nice but crass workers, and reasonable drinks, and no one will look at you like you dont belong. It's usually as place of don't belongs.
Plus they are super flexible, allowing people to bring their own 'desktop computer speakers' + ipod to have a real throw down party with the music you like.. of course you should probably pre arrange that...
Low key, no dress code, never without a drink, it's all you need.
Relaxing and gets the job done.