It seems the battle has been lost for This Ain't The Rosedale Library in Kensington Market.

Owners Charlie and Jesse Huisken posted an update on their blog late last week, saying that the store "has no future at this location."

"We ask for your trust that we have, for some time now, considered all the options, and have had the support of a lawyer in formalizing them," they write. "Our only hope is to imagine that the store may reemerge in the long-term."

A notice of distress was posted on the bookstore's door about a week ago, indicating that more than $40,000 was owed to the indie store's landlord. The Huiskens say all attempts to negotiate with her have failed.

"Predatory pricing of Amazon, inflated rents in urban centers, remaindering of excessive print-runs demanded by big-box stores and corporate publishing have had a devastating effect on smaller entrepreneurs," they continue. Despite their loss, the Huiskens offer advice for keeping other indie bookstores alive:

"The best and most satisfying way to support indies is to explore the stores in your city, browse their selection, trust your own curiosity, and buy gift certificates if nothing suits you."

Sigh.. another one bites the dust.