I liked Cherry Cola's. They have a rock and roll club and they do a very good job at it. The decor is really interesting (they could rent it out to people for a vampire themed party) and the acoustics are good. One pet peeve of mine with music venues is that the levels are all off, you usually can't hear the singer because the guitarist is drowning him out big time, if they have a sound guy here at Cherry Cola's, then props to him or her for getting this band right. If not then props to the band, Savanah, for getting their sound right.
Only thing preventing this from being a 5* is that I found the drinks were a bit too pricey for the quality. For example a cost of a bottle of beer was the same price as a pint in most other places, maybe that is normal for Toronto clubs, I don't normally go to them.