Best Upscale Restaurants Near Toronto’s Financial District

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Toronto’s Financial District is known for more than just business. It’s home to some of the best dining experiences in the city. If you’re around the area and want to treat yourself to a fancy meal, you have plenty of options. From exquisite steak dinners to modern takes on Mediterranean cuisine, here’s a lineup of top upscale restaurants around Toronto’s Financial District you definitely need to check out.

Upscale Restaurants in Toronto’s Financial District | Fine Dining Guide

1. Neo Coffee Bar

Upscale Restaurants Near Toronto's Financial District
Photo via @neocoffeebarto / Instagram 

Let’s start with something light and trendy. Neo Coffee Bar may not be the first name that comes to mind for an upscale experience, but it stands out for its elegant pastries, artisanal coffee, and minimalist design. This spot is perfect for a calm coffee break during a busy day, and their signature roll cakes are worth a try.

2. Canoe

Upscale Restaurants Near Toronto's Financial District
Photo via @canoerestaurant / Instagram

If you want a restaurant that screams Canadian pride, Canoe is where you go. Sitting atop the TD Bank Tower, it boasts stunning views of the city and Lake Ontario. The menu here focuses on Canadian ingredients with a contemporary twist. Canoe is popular for its seasonal dishes and impeccable service, making it an ideal location for business lunches or special dinners.

3. Richmond Station

Upscale Restaurants Near Toronto's Financial District
Photo via @richmondstation / Instagram

Richmond Station is a go-to for anyone looking for a farm-to-table dining experience. Their ever-changing menu emphasizes locally sourced ingredients, and their open-concept kitchen lets you peek into the culinary magic happening behind the scenes. Don’t miss out on their famous Station Burger – it’s a crowd favorite!

4. Byblos

Upscale Restaurants Near Toronto's Financial District
Photo via @byblostoronto / Instagram

Craving Mediterranean cuisine? Head over to Byblos, located on Duncan Street. With a focus on Eastern Mediterranean flavors, it offers a variety of dishes that mix traditional recipes with modern techniques. The lamb ribs and black truffle pide are must-tries. The restaurant’s chic, vibrant setting adds to the whole dining experience, which makes it a popular spot for after-work meals.

5. Hy’s Steakhouse

Upscale Restaurants Near Toronto's Financial District
Photo via @hyssteakhouse / Instagram

When you think of classic steakhouses in Toronto, Hy’s Steakhouse often tops the list. It is a Canadian staple with over 60 years of service. Here, it’s all about premium cuts of beef, including their juicy porterhouse steaks and tender filets. It’s a must-visit if you’re craving a top-tier steak dinner with all the traditional fixings like Caesar salad and creamed spinach.

6. Alo Restaurant

Upscale Restaurants Near Toronto's Financial District
Photo via @alorestaurant / Instagram

Looking for a more intimate, high-end experience? Alo Restaurant offers a tasting menu that constantly evolves based on the best ingredients available. Located on Spadina Avenue, this spot is perfect for those who want a multi-course culinary adventure. Alo’s dishes are beautifully plated, and each course feels like an art piece. Reservations are a must here, so plan ahead!

7. Giulietta

Photo via @giulietta972 / Instagram

Giulietta offers a modern take on Italian cuisine and is one of the top upscale restaurants around Toronto’s Financial District. The menu showcases fresh, seasonal ingredients and the dishes are rich in flavor but simple in their presentation. If you love pizza and pasta, this spot on College Street is worthy of a visit. The wood-fired pizzas are especially a hit.

8. Biff’s Bistro

Photo via @biffsbistro / Instagram

Biff’s Bistro has been a go-to for a taste of Paris in downtown Toronto. Its classic French fare includes dishes like steak frites, onion soup, and duck confit, all served in a relaxed bistro-style setting. It’s an excellent location for a leisurely lunch or a romantic dinner for two, right in the middle of the Financial District.

9. Jump Restaurant

Photo via @jumprestaurant / Instagram

Jump Restaurant is a Financial District staple that has been serving Torontonians for years. Its New American cuisine and sleek, modern design make it a great option for lunch meetings or dinner dates. The restaurant’s cocktail bar is a highlight, featuring a wide range of craft drinks to accompany your meal. Try their jumbo shrimp cocktail for a satisfying meal!

10. Laylak Lebanese Cuisine Toronto

Photo via @laylakrestaurants / Instagram

If you’re in the mood for something a bit more exotic, Laylak Lebanese Cuisine Toronto offers a luxurious take on Middle Eastern dishes. It’s known for its generous portions, mouthwatering flavors, and beautiful presentation. The mezze platter and mixed grill are standouts here.

11. Little Anthony’s

Photo via @littleanthonys.ca / Instagram

Little Anthony’s offers an elevated Italian dining experience in the heart of the Financial District. Their menu is hearty and satisfying, while their wine list offers plenty of options to complement the meal. This is an ideal spot for business lunches or casual dinners with friends.

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