My friend's band, The Jilted Lovers Club, was playing last week at the Drake Underground as part of their Elvis Mondays. The show was free and packed with awesome indie bands. I love that the Drake goes out of their way to help infuse Toronto with its own brand of culture.
The location is dark, intimate and provides just enough seating to encourage drunken dancing. The bar doesn't take debit, but there is an ATM right outside the door.