Over 400,000 visitors converge on Peel Street for what organizers call "the most prestigious event in downtown Montreal".

South of De Maisonneuve but north of Saint Catherine Street West, Peel is bordered on the east side by Les Cours Mont-Royal (formerly the Mount Royal Hotel, on a site previously occupied for many years by the High School of Montreal), and various small shops and restaurants on the west side.

McGill University's Martlet House is located on this portion of the street, and was once home to the headquarters for Seagram.

Between Saint Catherine and René Lévesque Boulevard West, Peel is home to several pubs and restaurants on the western side.

Below William Street to the Lachine Canal, Peel is lined by a mix of condominium towers, as well as a few businesses.

[5] In 2019, fresh off of co-hosting the Formula 1 Canadian Grand Prix Festival with Crescent Street, festival organizers kept the street closed to host a massive viewing party for Game 5 of the 2019 NBA Finals, involving Canada's sole NBA team, the Toronto Raptors, and the Golden State Warriors.

[6] The announcement came at late notice but was welcomed by many Montrealers, including the Peel Street Merchants' Organization.