The Beaches isn't exactly known for its thriving nightlife. But that could all change soon. The Champions Greenwood offtrack betting outlet at 1661 Queen St. E., might be transformed into a live entertainment venue.

There's currently adevelopment applicationsitting with the city and it's aiming to make some minor adjustments to the existing space in order to turn it into a venue with a 2,700-person capacity.

AsGood Hood reports, music giant Live Nation might be behind this proposal, meaning the incoming venue would probably get some big ticket acts.

Toronto also needs more mid-size concert halls, so if this plan goes through, it would definitely fill a void in the city.