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Basement Renovation in Toronto

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  • Basement Renovation in Toronto

    When it comes to basement renovation in Toronto, experience matters — and we’ve got over 25 years of it. At FinishedBasement.ca, basements are not just a service — they are our only service. We specialize exclusively in transforming underused basements into fully functional, beautiful living spaces that add value and comfort to your home.

    What makes us different? We deliver fast, fixed-price renovations — completed in just 2-3 weeks. No delays. No surprises.

    Our team includes licensed designers, skilled trades, and certified building code experts who ensure every project complies with Toronto zoning regulations and the 2025 Ontario Building Code. From legal rental suites to custom entertainment rooms, we handle permits, layouts, construction, and finishing — all in-house.

    Don’t risk your investment on a general contractor — trust the specialists who renovate over 200 basements a year.

    Let us turn your basement into a space your family (or tenants) will love.

  • Basement Renovation in Toronto

    At Finished Basement, we provide complete basement renovation services for homeowners across Toronto. Whether you want to create extra living space, build a legal rental unit, or design the perfect entertainment area — we handle everything from start to finish.

    Our services include:

    • Basement finishing & framing

    • Custom layout and interior design

    • Legal basement apartment conversions

    • Bathrooms, kitchens & laundry rooms

    • Waterproofing, insulation & subfloor installation

    • Electrical, plumbing & HVAC upgrades

    • Home theatres, gyms, offices & playrooms

    Every project starts with a personalized design consultation — and we’ll guide you through permits, city bylaws, and building code requirements. We specialize in turnkey renovations that are code-compliant, visually stunning, and built to last.

    All work is completed by our in-house team of licensed professionals, which means no delays, no outsourcing, and no shortcuts. We use only high-quality materials and proven construction techniques to ensure your finished basement is safe, dry, and comfortable year-round.

    Whether you’re upgrading for your family or building an income-generating rental unit, we’re here to make your basement renovation in Toronto seamless and stress-free.

  • Basement Renovation in Toronto

    At FinishedBasement.ca, we’ve perfected a streamlined process that delivers high-quality basement renovations in Toronto — on time, every time. Here’s how we turn your vision into reality in just 2-3 weeks:

    1. Free Design Consultation
      We begin by understanding your goals, lifestyle needs, and budget. Our expert designers will craft a custom layout that maximizes space and functionality.

    2. Permits & Planning
      We take care of all building permits, Toronto zoning checks, and Ontario Building Code compliance — so you don’t have to worry about a thing.

    3. Fixed Price Quote
      No guesswork. You get a clear, fixed-price contract before construction begins — no hidden fees, ever.

    4. Efficient In-House Construction
      Our team of licensed electricians, plumbers, carpenters, and finishers work together under one roof, ensuring consistent quality and seamless execution.

    5. Final Inspection & Walkthrough
      We do a full quality check and walk you through every detail before we hand over the keys to your stunning new space.

    It’s fast. It’s stress-free. And it’s all done by Toronto’s leading basement renovation experts.

  • Basement Renovation in Toronto

    At FinishedBasement.ca, we believe your home should grow with your family — not limit it. That’s why we’re passionate about helping Toronto homeowners unlock the full potential of their basements.

    In a city where space is limited and rent is rising, families need smart solutions. Finishing your basement adds affordable square footage without the cost of moving or building an addition. Whether it’s creating a private space for a student, a guest suite for in-laws, or a playroom for young kids — a finished basement brings flexibility and freedom to your lifestyle.

    We’ve worked with families across Toronto to build semi-independent living areas where adult children can stay close while saving on rent. For some, it’s a quiet home office. For others, it’s a legal rental unit to ease the cost of living.

    Our goal isn’t just to build basements — it’s to create spaces that bring families together, make homeownership more affordable, and help you build for the future.

    It’s about comfort, security, and smart living — all under your own roof.

  • Basement Renovation in Toronto

    When it comes to basement renovation in Toronto, we don’t just build — we transform. At Finished Basement, we’ve helped over 2,500 families unlock the hidden potential of their homes through smart, high-quality renovations built to last.

    What makes us different? We specialize only in basements — that means no distractions, no compromises, just laser-focused expertise. From cozy family spaces to legal rental units, we know how to design, build, and finish basements that are functional, beautiful, and code-compliant.

    Our 2-3-week guaranteed timeline ensures you get results fast, without sacrificing quality. And with a fixed price contract, there are no surprises — ever.

    We handle every step of the process in-house: permits, design, construction, plumbing, electrical — even final inspections. You’ll work with one team, one vision, and one goal: making your basement renovation stress-free and stunning.

    We’re fully licensed, insured, and up-to-date with the 2025 Ontario Building Code

    Homeowners across Toronto trust us because we deliver — on time, on budget, and beyond expectations.

Basement Renovation in Toronto: Creating Your Dream Space at Home

Basement Renovation in Toronto

Toronto’s housing market is tough, and homeowners want to get the most out of their living areas. Basements, which people often overlook or forget about, offer a great chance to grow and improve how a home works. These underutilized spaces hold untapped potential to enhance your home’s value, aesthetics, and overall quality of life. A well-thought-out and finished basement renovation adds value to your property and gives you extra space that you can tailor to your family’s needs and have equipped with everything needed for immediate use. You might want a snug family hangout, a practical home office, or a fun entertainment center. A basement renovation in Toronto can make your dream basement come to life.

It’s all about creating spaces that fit your family’s unique needs—whether you’re planning a home office, entertainment area, or guest suite, you can pick from a variety of features or layouts, and careful layout and framing can help you define each area for its intended purpose. Basement framing costs vary but are an essential aspect of renovation if dividing space into rooms.

At FinishedBasement.ca, we turn basements into stunning useful spaces. We’ve been doing this for over 31 years. Our team led by the skilled pros who take pride in giving homeowners across Toronto top-notch workmanship and personalized service.

Understanding the Value of Basement Renovation in Toronto

Basement Renovation in Toronto

A basement renovation has value beyond just adding more space to your home. Investing in your basement is a smart way to secure your home's future. In Toronto’s challenging housing market, fixing up your basement can boost your home’s resale value and add value to your property, making it more attractive to potential buyers. People looking to buy often want homes with flexible living areas, and a redone basement can be a big selling point. Also, for families who need extra room but aren’t ready to move, renovating the basement is a cheaper way to get more living space than building an addition to their home. By investing in a basement renovation, you can gain thousands in increased property value or potential rental opportunities. Understanding the basement renovation cost can help homeowners make informed decisions about their investment.

Apart from the money you’ll save, fixing up your basement can make your life better. It turns a part of your house that’s often ignored into additional space you can use for many things. Consider making it a play area for your kids, a quiet spot to work from home, a place for guests to stay, or even a rental suite that generates additional income. A finished basement grows with you as your needs change over time

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About our business

Experience the Personal Touch of Our Family-Owned Business

At FinishedBasement.ca, we’re more than just a renovation company — we’re a family. For over 30 years, our family-owned and operated business has proudly transformed basements across Toronto and the surrounding areas. What sets us apart isn’t just our craftsmanship — it’s the personal attention, care, and dedication we bring to every project.

From the first consultation to the final walkthrough, our family is hands-on. We understand that a basement renovation is more than just construction — it’s about creating space where memories are made, where kids grow up, or where loved ones find comfort and independence. That’s why we treat your home like it’s our own.

With deep roots in the GTA, our reputation has been built on trust, transparency, and quality. Many of our clients come to us through word-of-mouth referrals — neighbors, friends, and family who experienced the difference of working with a business that truly cares. We don’t just renovate basements — we build long-lasting relationships.

When you choose FinishedBasement.ca, you’re not just hiring a contractor — you’re partnering with a team that values honesty, communication, and results. Our family’s name is behind every project, and we stand by our work with pride.

Let our family help yours create something amazing

31

Years

in Business

3800+

BASEMENTS

We Built and Renovated

600+

REVIEWS

From Satisfied Clients

How We Renovate Basements: From Start to Finish

To do a good job in your basement in Toronto, you need to plan well, use effective project management, and maintain an organized approach to ensure a smooth renovation. At Finished Basement, we follow a step-by-step renovation process that covers all the stages and processes involved in transforming your space. Our organized workflow ensures that every part of your renovation is handled with skill and care by experienced tradespeople and tradesmen who manage specialized tasks. A careful installation process is essential to ensure every element, from drywall and flooring to cabinetry, is completed with precision and high-quality materials for a durable and beautiful finished space.

Basement Renovation in Toronto

1. First Meeting and Planning the Design

The first thing to consider in any basement renovation is plumbing, especially if you plan to add a bathroom or kitchen. The process starts with an initial consultation, a thorough talk where we discuss your aims, requirements, personal preference, and budget for the project. This consultation is crucial as it helps us understand your idea and create a design plan that fits your needs and specifications. At this point, we take accurate measurements of your basement, assess its current condition, spot any possible issues, and suggest ways to fix them. Obtaining a building permit typically involves engaging a code enforcement officer who will review the construction drawings. Brainstorming basement renovation ideas can help tailor the design to the homeowner’s requirements and personal preference.

Next, we move to the design stage where our crew makes detailed plans and layouts for your basement to meet your specifications. This means figuring out the best way to arrange the space, selecting materials, and choosing colours that match your personal preference and the intended use of the space. We also plan where to put key things like lights, lighting fixtures, pipes, and wires. Choosing the right lighting fixtures and colours is important for both function and style, and we consider this along with other elements to come up with a design that makes your basement work well and look great.

2. Getting Permits and Approvals

You need to get the right building permit and approvals from the City of Toronto before we can start building. This ensures all the work will comply with local building codes and regulations. Inspectors from the municipality will review your plans to make sure they meet all requirements, and work can only begin once the permits are approved by the authorities. Getting permits can be tricky, but our team knows how to do it well. We take care of all the permit steps for you so everything’s good to go before we start digging.

3. Pre-Construction Inspections

Before any basement renovation project begins, a thorough pre-construction inspection is a crucial step in the renovation process. This inspection involves a detailed assessment of your basement space to identify any potential issues that could affect the renovation project down the line. Our team carefully examines the basement for signs of water damage, structural concerns, and other problems that might impact the integrity of your renovation. By addressing these issues early, homeowners can avoid unexpected surprises and ensure the renovation is completed efficiently and safely. This proactive approach not only protects your investment but also helps guarantee that your basement renovation will proceed smoothly, resulting in a finished space that stands the test of time.

4. 3D Rendering and Visualization

Bringing your basement renovation vision to life is easier than ever with 3D rendering and visualization. During the renovation process, we use advanced rendering technology to create a detailed, three-dimensional model of your proposed finished space. This allows homeowners to see exactly how their basement will look before construction even begins. You can explore different design options, make changes, and ensure every detail meets your expectations. By visualizing the final result in advance, you can confidently move forward with your basement renovation, knowing the finished space will reflect your style and needs. This step helps minimize costly changes during construction and ensures the end result is exactly what you envisioned.

5. Construction and Renovation

After finalizing the design and permits, construction kicks off. This phase brings your vision to life. Our team of skilled workers puts your basement plans into action. We make sure every part of the renovation meets high standards, from framing and insulation to the use of high quality materials that ensure durability and a beautiful finish, as well as drywall and flooring. Features such as flooring, lighting, and cabinetry are installed by professionals to ensure quality and long-lasting results. The renovation timeline for a basement typically ranges from 2 to 8 weeks, depending on the scope of work. Professional basement finishing is crucial to ensure a high-quality result that adds value to your home.

As we build, we keep you in the loop with regular updates. We’re always here to answer your questions or address concerns. During the renovation process, open communication between the contractor and the homeowner is maintained. Our focus on quality shows in every detail. We aim to deliver a final product that goes beyond what you expect.

6. Finishing Touches and Final Walkthrough

The final steps make your basement renovation come alive. This involves setting up fixtures, painting the walls, and selecting the right colours to match your vision and the intended use of the space. Choosing the appropriate paint colours can influence the atmosphere and brightness of your basement. Professional painters may charge based on the size and complexity of the job. We also include any special features you’ve picked, such as a built-in TV area, a small bar, or custom-made cabinets. We make sure to craft and install each part with care to ensure a high-quality finished product.

After we finish the work, we do a last check with you to make sure everything is as you wanted. During this final walkthrough, we showcase the finished product so you can see the completed renovation and ensure the job done meets your expectations and our high standards. This gives you a chance to look over the work, ask for any changes, and deal with any small details. As part of our process, we handle all cleanup and make sure the space is left neat and ready for use. Clients often comment on the amazing job our team has done, reflecting their satisfaction with the results.

Our Process

01

Estimate

Every great renovation starts with understanding your goals. During our free in-home estimate, one of our experienced project managers will walk through your basement with you, discuss your ideas, assess the space, and answer any questions you have. We’ll explain what’s possible, what's required by Toronto building codes, and provide a clear, fixed-price quote. No hidden costs, no guesswork — just a straightforward, professional plan tailored to your needs. Whether you're planning a legal apartment, family space, or home theatre, this step lays the foundation for a successful, stress-free renovation.

Once you're ready to move forward, you'll be invited to our 3,000 sq. ft. design showroom — the largest basement-focused showroom in the GTA. Here, you can explore different layouts, materials, finishes, lighting, flooring, cabinetry, and more. Our design consultants will help you visualize every element of your future basement, ensuring your choices match your taste, budget, and lifestyle. This hands-on experience allows you to confidently select the perfect look and feel for your new space while understanding the quality and craftsmanship behind every component we install.

02

The Showroom

03

3D Design

Seeing is believing. Our design team will create a full 3D model of your custom basement layout, incorporating every detail we discussed — from room divisions and furniture placement to ceiling heights and lighting. This visual blueprint lets you walk through your future space before construction begins, giving you the chance to fine-tune elements and avoid costly changes later. It’s not just a plan — it’s a virtual tour of your finished basement, bringing clarity and excitement to the renovation process and ensuring your vision aligns with the final result.

Once your design is finalized, we get to work — and we mean it. Our licensed, in-house team handles everything: framing, electrical, plumbing, insulation, drywall, flooring, fixtures, and final finishes. No subcontractors, no delays. Your dedicated project manager is on site daily to ensure things run smoothly and that every step meets Ontario Building Code standards. We protect your home with floor coverings and dust barriers, and we clean as we go. Most basements are completed in just 2-3 weeks — delivering top-quality craftsmanship with unmatched efficiency.

04

Basement Renovation Process

05

Finished Basement Result

The transformation is complete — your vision brought to life with care, precision, and polish. Whether it's a legal apartment, family entertainment hub, guest suite, or personal gym, your new basement is clean, modern, and move-in ready. We walk you through the finished space, check every detail together, and make sure you're 100% satisfied. Your home now has more livable square footage, increased value, and a space your family can enjoy for years to come. It’s not just a renovation — it’s a complete lifestyle upgrade.

Our proudest moments come from our clients’ feedback. After completing your basement, we invite you to share your experience — and many homeowners are eager to do just that. From Google reviews to video testimonials, our clients talk about the quality, speed, professionalism, and peace of mind they experienced with Finished Basement. Their words are our biggest endorsement. We’re trusted across Toronto for one reason: we deliver. Hear their stories, explore our past projects, and see why over 3,800 families have chosen us to transform their homes — one basement at a time.

06

Customer Testimonials

Customizing Your Basement Renovation: Endless Possibilities

One thing that gets people pumped about fixing up their basement space is the opportunity to create a unique area that truly reflects their style. At Finished Basement, we give you tons of ways to customise your space with a variety of basement ideas and selections, so you end up with a space that’s all you. Each basement design is tailored to your specific needs, and careful planning of your basement project lets you maximize both function and style, ensuring every element fits your needs.

Basement Renovation in Toronto

Family Room or Entertainment Space

Most folks see their basement as the perfect spot to create a family hangout, an entertainment room ideal for entertaining friends and loved ones, or a place to have fun. An entertainment room is a popular option that enhances your home entertainment experience and adds value to your living space. Maybe you want a comfortable and inviting area to watch movies, a room for games, or your own dedicated home theatre. For the best experience, we can include soundproofing in your home theatre to keep the sound contained and create an optimal listening environment. We can design and build whatever you’re dreaming up. We make sure to get the sound right, nail the lighting, and set up the comfortable seating just so, to give you a cool entertainment spot.

Guest Suite

If you often welcome guests, turning your basement into a guest suite can give them a cozy and private place to stay, offering enhanced privacy and comfort. We can create a guest suite with a bedroom, bathroom, and even a small kitchen area, providing essential amenities for your guests. This space might also work as an in-law suite, a basement apartment, or a second suite. If you are interested in generating rental income, we can help you transform your basement into a legal secondary suite or rental unit, ensuring it meets all code requirements. Creating an apartment or rental unit in your basement not only increases your home's value but also offers the flexibility to accommodate family members, guests, or tenants.

Home Office

These days having your own home office matters more than ever. Renovating your basement gives you a great chance to create a functional space designed for productivity and privacy. We can design a dedicated home office with custom features like built-in storage, ergonomic furniture, plenty of light, and a layout that helps you get more done—all while enjoying the comfort of your home.

Fitness Room

For fitness buffs, you can turn your basement into a dedicated home gym. We can build a workout space that has everything you need to keep fit, from rubber floors and mirrors to special spots for your gear, or even create specialized yoga areas for relaxation and stretching. By choosing to utilize your basement for a home gym, you benefit from cost savings by eliminating the need for a gym membership and enjoy the convenience of a customized workout area.

When it comes to flooring, it's important to consider materials that are not prone to moisture or damage. Options like vinyl, tile, tiles, and carpet each offer their own benefit—vinyl is durable and water-resistant, tile and tiles are easy to clean and stylish, while carpet adds warmth and comfort, especially for exercise or yoga areas. Selecting the right flooring ensures your home gym is both functional and comfortable.

Our Turnkey Basement Renovation Approach

Basement Renovation in Toronto

Here, we believe that a basement renovation should be a stress-free and enjoyable experience for homeowners. That’s why we offer a turnkey basement renovation approach, handling every aspect of your renovation project from start to finish. Our team of experts takes care of everything—including obtaining necessary permits, hiring skilled subcontractors, and managing the entire construction process. This means you can relax and watch your dream basement take shape, knowing that every detail is being handled with care and professionalism. Our turnkey approach ensures your renovation project is completed on time, within budget, and to the highest standards of quality, so you can enjoy your new space without worry.

Tackling Common Issues in Basement Renovation

Fixing up a basement in Toronto brings its own problems, but at FinishedBasement.ca, we know how to handle them and prevent complications. Here are some typical issues and how we deal with them:
1. Dampness and water damage can lead to mould growth, which is a common complication in basements. We use mould-resistant materials and proper waterproofing techniques to prevent mould and resolve moisture issues before they become serious problems.
2. Structural constraints often involve checking the foundation for cracks. We thoroughly inspect for cracks in the foundation and address them early to prevent further complications during the renovation process.
A professional renovation can transform a dark and dingy basement into a welcoming and visually appealing space, resulting in a beautifully renovated basement through expert craftsmanship and attention to detail.

Damp and Water Damage

Basements often have moisture problems, which can cause water damage, mold, and mildew. We begin by doing a full check of your basement’s moisture levels and finding any existing problems, including inspecting plumbing systems for leaks and assessing mechanical systems to prevent future issues. Our fixes might include using waterproof materials and systems, installing good drainage solutions, and choosing materials that resist moisture to make sure the space stays dry and comfy.

Not Enough Natural Light

Basements don’t get much natural light, which can make them feel dark and small. We tackle this issue by mixing different lighting options, like recessed lights, wall lights, and well-placed windows, to make the space brighter. Light colors and shiny surfaces can also help to create a feeling of space and airiness, making the basement appear more spacious.

Low Ceilings

Older homes often have low ceilings in their basements, which can make the space feel tight. We provide answers like increasing the ceiling height when possible, using bright colors to create a sense of openness, and adding ceiling features that bring depth and catch the eye.

Structural Constraints

Basements include structural components, like support beams and load-bearing walls, that must stay in place. Our design team excels at working with these limitations making them part of the overall design in a way that improves the space instead of taking away from it.

Building Codes, Permits, and Basement Renovation Costs

Getting through Toronto’s building codes and permit rules can be tricky, but our team knows these regulations inside out. We take care of the whole permit process for you, making sure all work follows the building code and that we get the needed permits before we start building. Certain alterations, such as adding or removing walls, or creating a legal apartment, require permits and must comply with the building code. If your project requires structural changes or converting your basement into a legal apartment, you need a permit to ensure everything is up to code and meets city requirements.

The Benefits of a Finished Basement

A finished basement is more than just extra living space—it becomes a beautiful and functional space that adds practicality and offers the best value for your investment. The average basement renovation cost can vary depending on several factors, but it typically ranges from $30 to $75 per square foot, impacting the overall value of the home. For homeowners seeking peace of mind and a great experience, a turnkey renovation provides a comprehensive, all-in-one solution that ensures high quality work, strict quality control, and customer satisfaction, delivering great results without the need to manage individual tasks. Here are some of the main advantages:

Basement Renovation in Toronto

Increased Home Value

A well-renovated basement can boost the property value of your home. Potential buyers view a finished basement as a valuable asset when it meets high standards. This added value can make your home stand out in the market and give you a good return on your investment. A dream basement renovation project can significantly enhance your home’s market value by transforming the space into a desirable living area that meets individual design needs.

Improved Functionality

A completed basement gives you extra usable space for many things, like parties, storage, or exercise. This added usefulness means the area can be designed to accommodate a variety of uses, making your house more flexible as your needs change and boosting your life quality.

Better Comfort

With good insulation, heating, and cooling, a finished basement can become one of the coziest and most comfortable spots in your house. It’s perfect to relax, have guests over, or spend time with family in a comfortable environment. We make sure the space has proper insulation and the right HVAC systems to keep it comfy and comfortable all year.

Energy Savings

A finished basement is more than just extra living space—it becomes a beautiful and functional space that adds practicality and offers the best value for your investment. The average basement renovation cost can vary depending on several factors, but it typically ranges from $30 to $75 per square foot, impacting the overall value of the home. For homeowners seeking peace of mind and a great experience, a turnkey renovation provides a comprehensive, all-in-one solution that ensures high quality work, strict quality control, and customer satisfaction, delivering great results without the need to manage individual tasks. Here are some of the main advantages:

Personalized Space

A finished basement is like a clean slate that offers the opportunity to reflect your unique style and preferences. With extensive customization options available, you can tailor the basement to meet your exact needs—whether you want an area to pursue hobbies, work out, entertain, or just relax. This opportunity for customization adds a unique flair that truly makes your home your own.

Basement Renovation Costs

When planning a basement renovation in Toronto, understanding the costs involved is crucial. Basement renovation costs can vary widely based on several factors, including the size of the basement, the materials used, and the complexity of the project. On average, a basement renovation can cost anywhere from $60 to $150 per square foot. The average basement renovation cost in Toronto ranges between $65 and $125 per square foot. This means the total cost can range from $35,000 to $80,000 or more, depending on your specific needs and preferences. Homeowners can save money by making cost-conscious choices, repurposing materials, or handling some DIY tasks themselves during the renovation process.

Factors Affecting Basement Renovation Costs

Several factors can influence the overall cost of your basement renovation project:

  • Size of the Basement: The larger the basement, the more materials and labor will be required, which increases the overall cost.

  • Materials Used: The type and quality of materials can significantly impact the cost. High-end finishes like hardwood flooring and granite countertops will raise the price.

  • Complexity of the Project: Projects that require significant structural changes, such as adding windows or moving plumbing and electrical systems, tend to be more expensive.

  • Location: Basement renovation costs can vary depending on the location. Urban areas like Toronto often have higher costs compared to rural areas.

  • Labor Costs: The cost of labor can vary based on the contractor’s experience and reputation, as well as the local market rates.

DIY vs. Professional Basement Renovation Costs

While DIY basement renovation projects can be cost-effective, they can also be time-consuming and may require specialized skills and knowledge. You are also spending more on materials and sometimes have lots of leftovers that are wasted. At FinishedBasement.ca we utilize wholesale bulk pricing by purchasing container loads of materials. We pass these savings on to you. Professional companies also know all the nuances of basement renovations that can be overlooked and can lead to massive expenses in the future.

  • DIY Basement Renovation Costs:

  • Materials: $35,000 to $45,000 (framing, flooring, insulation, drywall, paint, doors, trim, fixtures)

  • Labor: $5,000-$10,000 (if you do it yourself, but need to consider opportunity cost and licensed plumbers/electricians)

  • Total: $40,000 to $55,000

  • Professional Basement Renovation Costs:

  • Materials: $20,000 to $30,000 (save on materials due to bulk price)

  • Labor: $30,000 to $40,000 (labor cost is high, but due to efficiency the job gets compleated 2x faster)

  • Total: $50,000 to $70,000

DIY vs. Professional Basement Renovation Costs

To budget effectively for your basement renovation project, consider all the costs involved, including materials, labor, and permits. Here are some tips to help you budget for your project:

  • Determine the Scope of the Project: Decide what you want to achieve with your basement renovation and what features you want to include.

  • Get Quotes from Contractors: Obtain quotes from multiple contractors to compare prices and services.

  • Consider the Cost of Materials: Research the cost of materials and choose options that fit your budget.

  • Plan for Contingencies: Unexpected expenses can arise during the project, so it’s essential to have a contingency fund in place.

Clear Pricing and Billing

Transparency is at the heart of our basement renovation process. We provide every client with a detailed, itemized breakdown of all costs associated with their basement renovation project. This includes the cost of materials, labor, necessary permits, and any required inspections. By offering clear pricing and billing, we help homeowners budget effectively and avoid any unexpected surprises or hidden fees. Our goal is to provide a stress-free renovation experience that meets your needs and exceeds your expectations. With our transparent approach, you can feel confident that your basement renovation project will be completed to the highest standards, with no unwelcome surprises along the way.

Choosing the Right Basement Renovation Contractor

Choosing the right basement renovation contractor is crucial to ensure that your project is completed safely, efficiently, and within budget. When researching local contractors, it's important to compare basement renovation companies in Toronto for their expertise, reputation, and the range of services they offer. Here are some tips to help you choose the right contractor:

  • Research and Ask for Referrals: Research local contractors and ask for referrals from friends, family, or neighbors who have completed similar projects.

  • Check Licenses and Certifications: Ensure that the contractor is licensed and certified to work in your area and has the necessary experience and expertise.

  • Get Multiple Quotes: Obtain quotes from multiple contractors to compare prices and services.

  • Check Online Reviews: Look at online reviews from previous customers to get an idea of the contractor’s reputation and quality of work.

Why Choose a Professional Company

While DIY basement renovation projects can be cost-effective, there are several reasons why you should consider hiring a professional company:

  • Safety: Basement renovation projects can be hazardous, and professional contractors have the necessary training and equipment to ensure a safe working environment.

  • Quality of Work: Professional contractors have the experience and expertise to ensure a high-quality finish.

  • Time-Saving: Professional contractors can complete the project faster than a DIY project, allowing you to enjoy your new living space sooner.

  • Warranty and Liability: Professional contractors provide a warranty for their work and are liable for any damages or injuries that may occur during the project.

By following these guidelines, you can ensure that your basement renovation project is a success, providing you with a beautiful and functional living space that meets your needs and enhances your home’s value.

FREE CONSULTATION

Meet Our Sales
Manager, Vitaliy

Vitaliy

Vitaliy

Sales Manager, Operations
We wanted to take a moment to express our sincere gratitude for visiting FinishedBasement.ca. As a family-owned and operated business, we take pride in serving our community with high-quality basement finishing services that exceed our customers' expectations.

FREE CONSULTATION

Meet Our Sales
Manager, Vitaliy

Basement Renovation Showroom:
Experience Your Future Space

Showroom - 3000 square foot

Toronto buzzes with life and diversity boasting a robust real estate scene. Homeowners in the city can boost their property’s worth and usefulness by renovating their basements. As more buyers seek homes with flexible living areas, a finished basement can make your house stand out when it’s time to sell.

What’s more, Toronto’s weather makes basements great for use all year round. They can serve as a snug hideaway when it’s cold outside or a cool spot to escape the summer heat giving your family a comfy and fun living space. You can also use this extra room to host get-togethers, put up guests, or create a quiet place away from the city’s non-stop action.

At Finished Basement, we know the special problems and chances that basement renovations in Toronto bring. Our crew works hard to give top-notch renovations that go beyond what our clients want.

Basement renovation costs in Toronto typically range from $35,000 to $75,000, depending on size, layout, materials, and whether you’re creating a legal secondary unit. Basic basement finishing might cost less, while adding a bathroom, kitchen, or legal apartment will increase the price. At Finished Basement, we offer fixed-price contracts — so you always know exactly what to expect. Our streamlined process eliminates surprises and delays. Every project starts with a free in-home estimate and 3D design consultation to help you budget smartly. We’ll also discuss cost-saving options, energy-efficient upgrades, and how to add long-term value to your home. Basement renovations are one of the most cost-effective ways to expand livable space in Toronto — and a properly finished basement can offer excellent ROI, especially if used as a rental suite.

At FinishedBasement.ca, most projects are completed in just 2-3 weeks — start to finish. This includes all demolition, framing, insulation, electrical, plumbing, drywall, flooring, painting, and finishes. Our in-house team of professionals handles every step, so there’s no waiting on subcontractors or outside trades. We also prepare everything in advance, including permits and 3D designs, so construction moves quickly and efficiently. Compared to the industry standard of 6–8 weeks, our process is faster without sacrificing quality. The timeline may extend slightly if you’re adding custom features, complex layouts, or a legal basement apartment, but we always communicate expectations clearly. Our team is on-site daily to ensure progress is on track. You won’t just get a finished space — you’ll get it fast and without compromise.

Yes, permits are required for most basement renovations in Toronto — especially if you’re altering structure, plumbing, or adding a legal secondary suite. At FinishedBasement.ca, we take care of all necessary permits, drawings, and inspections on your behalf. Toronto Building Code requires permits for basement underpinning, electrical, adding new bathrooms or kitchens, and creating habitable rooms. Not getting permits can lead to costly fines and issues when selling your home. We’re experts in navigating Toronto’s building department and Ontario Building Code (OBC) requirements. We ensure your project is fully compliant, including fire safety, insulation, ventilation, and egress windows. Our process includes full zoning review, permit submission, and final inspections so you don’t have to lift a finger. It’s all part of our worry-free service.

Yes — and we specialize in it. A legal basement apartment, also known as a second dwelling unit, must meet specific zoning, safety, and design standards under the Toronto Municipal Code and Ontario Building Code. You’ll need a separate entrance, minimum ceiling height, proper egress windows, fire separation, smoke/CO detectors, and an independent HVAC or ventilation system. At Finished Basement, we handle the full legal conversion process — including permit applications, design, construction, and final inspection. A legal unit not only helps you earn passive income but also adds significant resale value to your home. Toronto homeowners are increasingly turning their basements into rental-ready income suites, and we make that process easy, fast, and compliant. Book a consultation today to learn if your home qualifies.

Absolutely. A well-executed basement renovation can increase your home’s value by 15–30%, especially if you add functional living space or a legal apartment. In Toronto’s real estate market, finished basements are highly attractive to buyers and renters alike. Whether it’s a home theatre, in-law suite, rental unit, or kids’ playroom — added square footage means added utility. At FinishedBasement.ca, we maximize every inch of space to boost your home’s resale potential. We also offer modern finishes, energy-efficient upgrades, and custom layouts that appeal to today’s market. Adding a second suite can also generate $2,000–$2,800/month in rental income. When done right, your basement isn’t just extra space — it’s a strategic investment. We’ll help you design for comfort today and value tomorrow.

A full basement renovation typically includes:

  • Framing and drywall

  • Insulation and waterproofing

  • Electrical and lighting

  • Plumbing (for bathrooms, laundry, or kitchens)

  • Flooring (laminate, vinyl, carpet, or tile)

  • Trim, doors, and finishes

  • Optional features like fireplaces, bars, saunas, gyms, or home theatres

At FinishedBasement.ca, we also offer custom 3D design, in-house permit handling, and daily site management. Our team completes everything from rough-in to final clean-up — fast, professionally, and code-compliant. Whether you’re renovating for personal use or income generation, our packages are tailored to your vision, budget, and lifestyle. We simplify the process so you don’t have to manage multiple contractors. You get one team, one contract, one flawless result.

Energy efficiency starts with proper insulation, waterproofing, and air sealing. We use high R-value wall systems and subfloors that keep your basement warm and dry year-round. Upgrading to LED lighting, energy-efficient HVAC zoning, and ENERGY STAR appliances also reduces utility bills. We help homeowners across Toronto design basements with low energy consumption and high comfort. All our renovations meet or exceed the Ontario Building Code’s latest energy standards, including SB-12. We also offer optional spray foam insulation, smart thermostats, and moisture-resistant materials to improve both energy use and indoor air quality. Investing in energy efficiency not only saves money but extends the life of your renovation. We’ll show you exactly where upgrades matter most.

Most basements in Toronto can be renovated, but there are a few key factors we assess during your free estimate:

  • Ceiling height (minimum 6’5” for habitable space)

  • Foundation condition (cracks, moisture, etc.)

  • Existing plumbing and HVAC access

  • Layout, stairs, and potential for separate entrances

Even older homes with unfinished basements can often be transformed into safe, beautiful spaces. In some cases, underpinning or minor adjustments may be required to meet building code — especially for legal suites. Our team will evaluate your space and let you know exactly what’s possible. We’ll also provide design options and cost-saving strategies to make the most of your investment. Don’t assume your basement won’t work — let us take a look.

We specialize exclusively in basements — that means no bathrooms one day and kitchens the next. With over 25 years of experience and 3,500+ projects completed, we’ve perfected a 2-3 week renovation process that’s fast, clean, and fixed-price. Unlike general contractors, our work is all done in-house — design, permits, electrical, plumbing, construction, and final inspection. We never outsource, which means better communication, consistent quality, and no delays. Our clients also love our 3D planning tools, and showroom experience. We’re fully licensed, insured, and compliant with the latest 2025 Ontario Building Code. Simply put: we’re the basement specialists Toronto homeowners trust to get it done — beautifully and stress-free.

Getting started is easy. Just book a free estimate — we’ll visit your home, assess your space, and discuss your ideas. Within days, you’ll receive a detailed fixed-price quote and a custom 3D design. Then, visit our showroom to select materials and finishes with the help of our design consultants. Once approved, we’ll handle permits, planning, and construction from start to finish. Most projects are completed in just 3 weeks. Whether you’re looking to build a legal apartment, a personal gym, or a cozy guest suite, we make the process simple, fast, and enjoyable. Let’s bring your basement vision to life — starting today.