Ground-breaking for the Four Seasons Centre for the Performing Arts took place on April 11, 2003 and inaugural celebrations took place in June 2006. The opera house, situated at the southeast corner of Queen Street and University Avenue, is a 2000-seat theatre specifically designed for opera and ballet with the finest possible level of acoustics.

The contemporary expression of a traditional five-tiered, European horseshoe-shaped auditorium provides unparalleled intimacy between the audience and the stage. A glittering five-storey transparent Isadore & Rosalie Sharp City Room faces University Avenue, encouraging the public to experience the artistic life of the building through regular informal public recitals and performances. This first Canadian purpose-built opera house is designed by the award-winning Toronto-based firm Diamond Schmitt Architects.

The Four Seasons Centre for the Performing Arts is the home of the Canadian Opera Company and the National Ballet of Canada.