Hy's Steakhouse & Cocktail Bar

What is Hy's Steakhouse & Cocktail Bar? Set inside a soaring heritage space at Bay and Richmond, Hy's Steakhouse & Cocktail Bar has anchored Toronto's corporate dining scene with old-school polish and clubby warmth. Spread across three levels, the expansive Financial District landmark features a bustling street-level cocktail lounge, a mezzanine dining room wrapped in dark wood and plush leather booths, and subterranean private rooms. Executive chef Saku Velummylum keeps the focus on steakhouse pageantry with jacketed servers, white tablecloths, and live musicians on the lounge stage.

Hy's Steakhouse & Cocktail Bar Menu & What to Order Every meal kicks off with Hy's famous Cheese Toast, a gooey cheddar institution served since 1955, and the classic Caesar salad prepared tableside on the guéridon cart. For the main event, lean into Canadian Prime cuts like the dry-aged Bone-In Rib Steak or the Chateaubriand for two, accompanied by double-stuffed potatoes and creamed spinach. Non-steak options like Beef Wellington and an Organic Vegan Bowl hold their own, while desserts like Bananas Foster are flambéed tableside. Pair dinner with a bone-dry martini or a bottle from the deep cellar.

Know Before You Go Dinner reservations via OpenTable or phone are essential, especially during midweek business rushes, though the street-level bar accepts walk-ins for after-work happy hours. Valet parking operates daily on Richmond Street from 4:30 p.m., or take the TTC to Queen or King subway station, each just steps away. Hy's is open continuously from lunch through late night on weekdays, and opens at 4:00 p.m. on Saturdays and Sundays.