the tulip toronto

Beloved Toronto steakhouse shuts down after more than 30 years due to rent hike

An unassuming but well-loved steakhouse that has graced the corner of Queen and Coxwell for more than three decades has suddenly closed its doors after facing what too many indie businesses in Toronto have as of late — a rent hike.

The long-running Tulip Steakhouse broke the news to customers in a statement on Facebook yesterday, noting in the post's comments that the landlord of the space had proposed to increase rent to $10,000 per month, which was simply untenable along with property tax, maintenance and insurance costs.

"Unfortunately, business conditions have changed regarding our lease agreement in ways we can no longer accommodate," the restaurant's post reads. "We have been left with no choice."

Because commercial properties aren't subject to rent control in Toronto like residential spaces are, landlords aren't prohibited from jacking up prices when the time comes to renew an existing lease.

Given that the cost of living in the city seems to be rising at an unfathomable rate and property owners now enjoy the option to rent to newer, more lucrative endeavours, the practice is putting a number of older independent establishments out of business.

Owners of the Tulip have apparently been trying to reach a reasonable compromise with their landlord since September, to no avail. They are actively seeking a new location for them and their 19 staff to re-open in.

The eatery, which has existed as a steakhouse in some iteration (under different ownership) since 1929, was known for its cheap prices and simple, no frills dishes that were reminiscent of home cooking.

Patrons will have to wait and see what ends up replacing the Leslieville staple. 

As one user noted on the Tulip's goodbye statement, "Every place with history or character is closed or closing. The boring-down of Toronto is almost complete."

Lead photo by

The Tulip Steakhouse


Join the conversation Load comments

Latest in Eat & Drink

140 bars and restaurants that closed in Toronto since the start of the pandemic

Popular ramen chain from Japan just opened its first Toronto location

5 Japanese cheesecakes in Toronto you need to try at least once

Toronto restaurant owners letting customers know what they think of Adamson BBQ

Toronto brewery near Adamson Barbecue struggling to get orders to customers

Adamson BBQ owner Adam Skelly raises more than $170k to cover legal expenses

Toronto bars are teaming up for a takeout brunch menu where everything is under $10

Fundraiser for Adamson Barbecue raises more than $28k in less than 24 hours