The ambience is unmatched in Toronto. The two floor set up makes the restaurant feel big, but the lighting and exposed brick allow it to maintain a very intimate atmosphere. Yelp should add a lighting criteria to its rating system -- it's important and Woodlot definitely nails it.
We arrived for an 8pm birthday reservation. We had to wait for about 25 minutes for our table, but we are able to sit on their patio and enjoy a glass of wine. Obviously not everyone wants to wait when they have a reseration, but we'd prefer that the restaurant wasn't rushing anyone out rather than seating everyone immediately.
The freshly baked on-site bread was every bit as legendary as we'd expected. The service was not exactly superb, but when serving food that's this good, it doesn't need to be stellar.
The ambiance was perfect, the food was great and the rest was good. Amongst the best places in Toronto.