Are you considering remodeling your basement to offer extra living and storage space? Today is your fortunate day, since we’re going to provide our suggestions for the top Toronto contractors that can help you with that.
We’ve compiled a list of trustworthy companies who will give the best basement remodeling in Toronto. This is determined by the quality of their services and what past clients have done with their work.
Before we begin, consider the average cost of basement remodeling in the region.
The Cost of Basement Renovation Services in Toronto
Basement renovation in Toronto typically costs between $35 and $75 per square foot. ft. So, if your basement is 800 square feet, The total cost will range from $28,000 to $60,000.
Please remember that the price per square footage tends to decrease as the size of your basement increases. For example, renovation expenses for basements up to 2,000 square feet may be as low as $28 to $33 per square foot.
Here’s a table of the average cost of the renovation based on the basement’s dimensions.
Basement Size | Average Cost ($35 per sq. ft.) | Average Cost ($75 per sq. ft.) |
---|---|---|
400 – 500 sq. ft. | $14,000 – $17,500 | $30,000 – $37,500 |
500 – 600 sq. ft. | $17,500 – $21,000 | $37,500 – $45,000 |
600 – 700 sq. ft. | $21,000 – $24,500 | $45,000 – $52,500 |
700 – 800 sq. ft. | $24,500 – $28,000 | $52,500 – $60,000 |
800 – 900 sq. ft. | $28,000 – $31,500 | $60,000 – $67,500 |
1,000 – 1,400 sq. ft. | $ 35,000 – $49,000 | $75,000 – $105,000 |
Refer to the table below for a quick summary of the bathroom renovation costs:
Bathroom Renovation Elements | Estimated Cost |
Building Permits | $300 – $1,900 |
Framing | $15 – $30 per foot |
Plumbing | $100 – $170 per hour $1,500 – $15,000 for the fixtures |
Installing the Drywall | $1.5 – $3 per square foot |
Setting up the Ceiling | $1 – $6 per square foot |
Flooring | $1 – $20 per square foot |
Painting | $3 – $7 per square foot |
Wiring and Electrical Work | $65 – $130 per hour |
Inspections | $300 – $600 |
Foundation Repairs** | Up to $10,000 |
Waterproofing** | Up to $10,000 |
The Best Basement Renovation in Toronto
1. Reno Duck

SERVICES | Provides Completement Basement Renovation. |
WEBSITE | https://www.renoduck.com/ |
ADDRESS | 6660 Kennedy Rd Suite 201, Mississauga, ON L5T 2M9, Canada |
CONTACT DETAILS | 647-245-2405 and support@renoduck.com |
From Reno Duck: Reno Duck specializes in basement renovations in Mississauga and across the GTA. You can trust us to fully handle basement renovation work. We will calculate all basement renovation costs for you upfront to avoid any hidden fees. Our knowledge in basement renovation business and relationships with leading industry suppliers allow us to provide top-notch services at a reasonable price. Our goal is to be the one-stop shop that covers all your basement renovation needs. We believe in transparency, professionalism, and loyalty to our customers, so when you hire Reno Duck Mississauga team to renovate your basement, you are in the know about all the processes and the expenses in advance. Give us a call us today to get a quote!
Customer Reviews
The Team is well organized and punctual. Everyone took the time to answer any questions we had with patience and kindness. The finished product leaves us and our friends and family amazed. My family and I strongly recommend RenoDuck for any of your renovation or upgrade projects.
This company just completed my basement renovation in Mississauga – it was turned into a beautiful space. And also our favorite place to gather with friends, especially in the COVID time. I trusted their lead and it paid back.
2. Only Basements

SERVICES | Basement Renovation services. |
WEBSITE | https://www.onlybasements.ca/ |
ADDRESS | 922 Kingston Rd, Toronto, ON M4E 1S5, Canada |
CONTACT DETAILS | (416) 553-6009 and info@onlybasements.ca |
Only Basements is the leading renovation company specializing in larger-scale basement renovations such as underpinning, waterproofing, legal rental units and luxury basement finishing. We believe in work that reaches the highest of industry standards, that means accurate quoting, creating budgeting and milestone payment plans, and high quality workmanship. We proudly service Leslieville, The Beach, Upper Beach, Leaside, East Danforth, and Southwest Scarborough.
Customer Reviews
While Looking for the right contractor, we came across only basements and few others on HomeStars. We couldn’t have picked a better team to work with us and I’m confident to say, if you’re looking to get your basement renovated by a professional crew, Only Basements is the right firm for you.
From the get go they were different from the other companies, their quote was very detailed and easy to understand, a milestone payment plan was provided (this was a game changer for us!). After they helped us get our permits in place the job started almost immediately. It’s always nerve racking going through a renovation and I have heard the nightmares people have had, but our experience was quite the opposite, my wife and I felt that we were involved in the process and our input was always appreciated.
3. Carter Fox Design Build

SERVICES | Feasibility Study & Zoning Reviews, Plans & Permits, Engineering Reviews & Inspections, Construction & Management, Design Reviews & Finishes Selection. |
WEBSITE | https://www.carter-fox.com/ |
ADDRESS | 530 Queen St E, Toronto, ON M5A 1V2, Canada |
CONTACT DETAILS | 1 416-791-0543 and info@carter-fox.ca |
Renovate Your Home With Carter Fox in Toronto, Ontario
Carter Fox is a fully integrated design, build and renovation firm in Toronto, Ontario with a focus on the east end neighbourhoods of Riverdale, Leslieville, East York and The Beaches. We are a family-run business and live in the area where we work, using local suppliers and trades. Carter Fox is a design and build company that relies on well-established relationships with quality local trades. We are fully insured, and all our trades are WSIB-compliant. We have comprehensive insurance coverage and provide a guarantee for our work along with a written estimate before any work is undertaken.
Customer Reviews
We are so happy with our new bathroom! Mike was incredible to work with – professional, responsive, able to provide advice / guidance, and did absolutely beautiful work.
James was always on top of them and was quick to find a solution. I often think you can tell more about a person/ company when things don’t go perfectly than when it’s smooth sailing, and how James handled issues that arose only gave me more confidence in his professionalism and character.
4. Norseman Construction & Development Ltd.

SERVICES | Architecture and Floor Plans, Renovations and Additions, Custom Homes, Multi-Unit Low Rise, Interior Design, Commercial Applications. |
WEBSITE | https://norsemanconstruction.ca/ |
ADDRESS | 1304 Woodbine Ave #1, East York, ON M4C 4E7, Canada |
CONTACT DETAILS | 647-435-5433 and info@norsemanconstruction.ca |
“Norseman Construction & Development is proudly your trusted certified neighbourhood builder in the Greater Toronto Area. Located in East York, Norseman Construction & Development is the leading renovation company in Toronto, ON. We don’t just “cut and paste”, we look to the future to make sure you’ll fall in love with your home every time you see it! We don’t stop at just home improvement design and renovations, we also do home additions, custom homes from the ground up, and everything in-between. We take a comprehensive approach to designing your dream home, creating a unique blend of your vision and over 15 years of professional expertise.”
Customer Reviews
Mohammed Hagshenas oversaw our second floor addition and remodel. It was an absolute pleasure working with him. The project was on time and on budget. Mohammed was always available and very attentive to our concerns.
Professional, Marrisa helped us with our bathroom renovation project she is really a great person . She has taken care of even the tiniest thing we reported and get it done. I would recommend Norseman for renovations .
5. Kozak RENO

SERVICES | Basement Finishing, Home Additions, Renovation Services. |
WEBSITE | https://www.kozakreno.ca/ |
ADDRESS | 29 Connell Ct Unit # 19, Etobicoke, ON M8Z 1E8, Canada |
CONTACT DETAILS | 647-871-2239 and info@kozakreno.ca |
Kozak Renovations is one of Toronto’s leading renovation companies with experienced home and condo renovation designers, builders and contractors. For over 10 years, we have provided a full spectrum of renovation and construction services, including home additions, kitchen renovations, bathroom renovation, condo remodeling, basement finishing, whole house or office renovations.
Customer Reviews
He accommodated all our requests and made sure we got everything we wanted. We were first time homeowners and he gave us many creative ideas – because we had no idea what we wanted. The design he came up with was impeccable. We got compliments from everyone.
This is where Kozak Reno sets themselves apart from the rest; using quality materials that are appropriate for use in a basement to ensure longevity, and most importantly, health and safety to those who occupy the finished space.
6. Toronto Custom Concepts

SERVICES | Basement Renovation services. |
WEBSITE | https://www.torontocustomconcepts.com/ |
ADDRESS | 1750 The Queensway, Etobicoke, ON M9C 5H5, Canada |
CONTACT DETAILS | 416-806-2232 and info@torontocustomconcepts.com |
Full service Toronto renovation company for custom design & build renovation projects such as full home builds, additions, renovations, kitchens, bathrooms, built-in wall units, basements, woodworking and cabinetry projects to name a few. Our carpenters, GCs, installers, and design consultants are here at your service to meet your contractor needs for either your residential, commercial or retail projects.
We do both major & minor renovations including full design/build and structural projects such as home/commercial builds & additions and interior wall removal projects. We are the general contractor choice for both residential and commercial renovation projects in the Greater Toronto Area. We are licensed, we carry WSIB, we are current on building codes and we are fully insured. We can connect you to talk to our customers as a reference of our quality of work.
Customer Reviews
I had Dave and the Team at TCC build a stand alone oversized garage on my property this past summer. I could not be happier with the outcome! The team was very professional, on time, communicative and clean. I would not hesitate to recommend TCC to anyone looking to get the job done right the first time.
We had a kitchen installed in our basement and Toronto Custom Concepts were very friendly and professional!! They kept us in the loop constantly and every person that came into our home was very professional and friendly!! I would highly recommend them!!
7. GiGi’s Home Improvements & Renovations

SERVICES | Home Improvements and Renovation |
WEBSITE | https://gigis-home-improvements-renovations.business.site/ |
ADDRESS | 185 Cowan Ave, Toronto, ON M6K 2N7, Canada |
CONTACT DETAILS | 416-824-5801 and gigishomeimprovements@gmail.com |
Stands out as a consummate professional at GiGi’s Home Improvements. They use their knowledge and good judgment to assist me in selecting colors that worked well in the area and in other places. They are quick, efficient, and quite pleasant. For the first time, they get it right!
Customer Reviews
Luigi took over the project last-minute and saved the day! He is a great communicator, has a skilled team, and an excellent sense of craftsmanship.
He is efficient, pays attention to detail and never leaves your house in a mess. Additionally, he is very easy to talk to, listens to what you need, and is very friendly. I would highly recommend his services.
8. ASASA Construction

SERVICES | Renovation Services, Hardwood Flooring, Home Additions, Interlock And Pavement, Demolition, Custom Millworks. |
WEBSITE | https://www.asasaconstruction.com/ |
ADDRESS | 250 Consumers Rd #307, North York, ON M2J 4V6, Canada |
CONTACT DETAILS | 647-956-1116 and contact@asasaconstruction.com |
ASASA Construction is a professional, reliable and trusted family owned company based in Toronto and serving in GTA area. We do Residential & Commercial projects vary from complex to simple including New Additions, Renovation and Remodeling projects.
Customer Reviews
Very professional, reliable, and excellent quality of workmanship! They really care about the customer. I highly recommend them for any renovation project.
The quality and the price is unbeatable. The installation was completed without any issues and again the level of professionalism was amazing. I highly recommend them. Thank you.
9. Budget Reno Basement Underpinning

SERVICES | Flexible Renovation Services, Basement Waterproofing, Basement Underpinning, Separate Entrance & Basement Walkout. |
WEBSITE | https://budgetreno.ca/ |
ADDRESS | East Tower, 3250 Bloor St W Suite 600, Etobicoke, ON M8X 2X9, |
CONTACT DETAILS | 416-524-2766 and info@budgetreno.ca |
At Budget Reno in Etobicoke we are driven to provide renovations for every budget. We specialize in basement underpinning and waterproofing services, tailoring our approach to your unique situation. Our interior designer will help you visualize the project before work begins. We offer 1 year “no questions asked” warranty on all our projects. Give us a call to schedule a consultation, it’s free!
Customer Reviews
I’m very happy with the recent house addition remodel done by Budget Reno. I chose an affordable option that included new vanities, tile floors and tub replacement. Despite my modest budget, these contractors did their best to create a stylish space with an accent wall. A+ for your services!
We hired Budget Reno for the challenging basement underpinning project. Hamid assured us it’ll help stabilize our house, all I would say is that it really does work!
10. Adept Services

SERVICES | House Renovations and Additions. |
WEBSITE | https://adeptservices.ca/ |
ADDRESS | 10 Four Seasons Pl Suite 1000, Toronto, on M9b 6h7, Canada |
CONTACT DETAILS | 416-716-3780 and adeptaccounting@gmail.com |
As a home renovator in Toronto, we serve residents in the Greater Toronto Area renovating bathrooms, kitchens, basements, condos and adding home additions, as well as other renovation contractor services.
First, we begin with an initial consultation, when you tell us exactly what you want done. Then, if designs are needed, we move forward to the design phase. After the design is done, we present an accurate and fair, fixed price quotation. As a result, the price remains the same as long as the design stays the same and there are no surprises that show up during the demolition stage.
During your renovation, if you would like to make changes then you will sign a ‘change order’ and, ‘voila!’ the changes will be made. As a result, you, the homeowner, will feel heard and treated fairly. Consequently, as your Renovation Contractor we will make your space beautiful in the best and most orderly way possible!
Customer Reviews
In future, I will be calling AS Adept Services first to take care of all of my renovation needs. I strongly recommend Stephen, and say that he has been the best contractor I’ve ever called.
He took his time which was great as I like the attention to detail and when someone rushes the job its not good. They did awesome work.
FAQs about Basement Renovation Services in Toronto
How long will it take to finish a basement renovation?
4-16 weeks. A basement typically takes 4-16 weeks to complete. Keep in mind that this might vary depending on the magnitude of the job, so give yourself as much time as you need. There is no reason to hasten this large expenditure and extensive project.
How can you have major energy-saving features of basements you finish?
An expert contractor can advise you on the most cost-effective energy-saving choices, such as extra insulation or LED light fixtures, and will be familiar with your municipality’s green building code standards.
Do I need a permit to finish or remodel my basement?
Municipalities require a permit for building or remodeling work, and permit charges vary depending on the city and size of the project. We secure the necessary permits for your project and include them in the project cost.
6 Things You Have to Do Before Finishing a Basement:
- Examine the Foundation. Before doing any construction in your basement, inspect the foundation.
- Determine Code Violations.
- Get rid of water problems.
- Insulate correctly.
- Examine the Ceiling.
- Work Your Design Around the Essentials.
Is finishing the basement worth it?
Finishing Your Basement Increases the Value of Your Home
According to Real Estate Magazine, homeowners should expect a 5-15 percent return on investment from a basement finish/remodel.
How soon does the work begin after we sign our contract?
Construction will typically commence within two weeks of the contract signing date. During those two weeks, we will secure permissions and finish design designs.
If you’re in the market for a basement renovation, then you need to check out these contractors! They’re some of the best in Toronto, and they’ll be sure to deliver a high-quality renovation that meets your needs and exceeds your expectations. So if you’re ready to start planning your dream basement, then these are the contractors for you!