694 Queen Street West 
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Phone: 416.861.1684
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Magic Pony is the destination in Toronto to get engrossed in urban street culture. They sell figurines, t-shirts, magazines and other collectibles. In the back is a gallery where they feature work from an international roster of high profile artists. They also throw super fun parties to kick off all their new exhibitions.
This store is fun! :) Love the back gallery they have, and the artist's range from former students from OCAD (right down the road to your left) to artist's from Japan! Lot's of cute little toys and stationary.
check out their unannounced no refund policy!!! no warning, no sign, nothing on the receipt to tell you that when you want to return an item, they'll simply tell you 'no'.
and also be on the alert for all the stuff they buy from China. just remember: if you want to boycott chinese products (e.g. concerns over toxicity, Tibet, etc) and inadvertently pick up an item that was made in China, don't expect any sympathy, let alone refund from the cheerless store staff when you point out your concern.
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its good