You take the Queen Street streetcar past this place and you know the clientele that comes here is what some would say "Seen to be seen." That said, you should absolutely check this spot out.
The cocktails here are delicious, especially the Paper Plane. For my entree, I ordered the seasonal pork sausage over lentils to match my drink and I couldn't have picked a more perfect dish.
Service here is attentive and really respectful given the demand that this place clearly has. Even the price point, which is not cheap by Toronto standards, was reasonable and definitely worth going to given the dearth of open businesses on New Year's Day.
If you're looking for a reliable evening out in the Queen Street West area, seemingly the Drake would be at the top of the list.