I am a fan of the Cadillac Lounge, but for a different reason than what has been mentioned.
On Monday nights they have $.40 wings. That is by far the cheapest I have seen in Toronto (although my knowledge is not vast on chicken wing deals). To go along with that they have 6 Amsterdam Blonde for $20. I'm not sure if this deal carries to other days, but is a great deal IMO.
One criticism I have of the place is that more often than not, they have run out of Amsterdam buckets, and offer alternatives such as 6 Coors Light for $22, or 5 Bud Light Lime for $20. I can tolerate the switch in beers (although I believe Amsterdam is the best of the 3), but a few times we have received the bucket with warm beer and ice. The bucket doesn't do much for making them cold.
Although it was probably planned this way, the Cadillac Lounge would be super awesome if its large patio was all uncovered (since the uncovered part is always full), but it makes a good trade off when its raining and you still want to go to a patio