Steak House · Yonge-Bay Corridor
Hy's Steakhouse & Cocktail Bar
- Type
- Steak House
- Price
- $$$$ · Special Occasion
- Google rating
- 2,656 reviews
- Area
- Yonge-Bay Corridor
The short version
Why it stands out
Located in the heart of Toronto's Financial District, Hy’s Steakhouse & Cocktail Bar is a premier destination for corporate professionals, business entertainers, and upscale diners. Spanning 18,000 square feet across three beautifully designed levels, this flagship venue features a lively downstairs lounge and a formal upstairs dining room. It is highly sought after for high-stakes business dinners and milestone celebrations, offering flexible private spaces like the Richmond and Adelaide rooms, which come equipped with private bars and full audiovisual capabilities.
Guests are treated to a nostalgic, high-touch dining experience, highlighted by tableside preparations of classic Caesar salad, Steak Diane, and Bananas Foster. The menu centers on Canada Prime beef aged at least 28 days, alongside premium options like certified Kobe A5 Wagyu. Diners frequently praise the restaurant's refined, bygone-era atmosphere, noting that the attentive service makes any dinner feel like a special occasion.
While the premium pricing reflects its high-end status, the restaurant provides excellent value through daily happy hour windows and live music from Wednesday through Saturday evenings. For added convenience, valet parking is available daily starting at 4:30 p.m. on Richmond Street, ensuring a seamless experience from arrival to departure.
A closer look
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