Queen West, 508 Queen St W
Velvet Underground
Velvet Underground was a live music venue at 508 Queen Street West. It began in the mid 1990s as a goth and industrial club, then reopened in February 2016 after a renovation as a concert room for bands and DJs, operated by Live Nation. It closed at the end of October 2025 when its lease ended. The space has since been marketed as a new nightclub under a different name.
Closed since Oct 2025.Venue announced on Instagram in September 2025 that its lease ended at the end of October 2025 and the property was returned to the landlord (CityNews https://toronto.citynews.ca/2025/09/12/the-velvet-underground-to-close-its-doors/; Exclaim https://exclaim.ca/music/article/toronto-s-velvet-underground-announces-closure); Streets of Toronto reported in March 2026 that the space is being marketed as a new nightclub called Hyve (https://streetsoftoronto.com/toronto-culture/torontos-velvet-underground-is-being-replaced-by-a-nightclub-and-people-have-thoughts/); thevelvet.ca did not respond on 2026-10-12.
What it was
Not confirmed with Velvet Underground yet: age, dress code, cover, hours and table minimums. We publish them once the venue confirms.
508 Queen St W, Toronto
Checked by Tonightlife, Oct 12, 2026.
Questions
Is Velvet Underground still open?
No. It closed at the end of October 2025 when its lease ended.
Where was Velvet Underground?
At 508 Queen Street West, just east of Bathurst.
What is replacing Velvet Underground?
Reports in March 2026 said the space is being marketed as a nightclub and event space called Hyve.
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