Luxury Basements prices. Small Basement up to 600 sq ft would cost around 35. Average Basements 600 to 1000 sq ft cost close to 50. Larger Basements 1000 sq ft and up can be as high as 70. The average cost we charge would be between 3555, and this is per square foot. This means if your basement is 100 square feet then it would cost you around 35, 0055, 00. This would depend on the upgrades and materials you choose for your basement renovation. ALBO Renovations is a company specializing in basement renovations in Greater Toronto Area. There are several factors to consider when remodeling or renovating a basement. Homeowner trying to do all the job by himself may find it confusing and devastating. Finished Basement is a professional, fully licensed basement renovation company with over 18 years experience serving the Greater Toronto Area. 8 Finished Basement is a professional, fully licensed basement renovation company with over 20 years experience serving the Greater Toronto Area. Give Penguin Basements a call today at and well show you how your basement can be the foundation for an enriched home life. Some companies promise to build you a basement in 3 weeks. We build you a basement for life. Cost of a Finished Basement The Breakdown. In Toronto, the cost of finishing a basement is somewhere in the range of 3570 per square foot. If your basement is 1, 000 square feet, youll pay at least 35, 000 (incl. labour, materials and design fees). Basement remodeling differs from finishing a basement space. Remodeling generally happens after the finishing projects have been completed and typically refers to the altering or changing of an existing space. Remodeling projects tend to cost homeowners somewhere between 10, 000 and 30, 000. Other than the standard package, we offer two guidelines on how much the basement renovation would cost per square foot. For instance, a standard basement renovation of 1. 000 sq ft would cost 25 to 30 per sq ft while 500 to 900 sq ft will cost 35 to 30per sq ft. Basement Renovation Toronto Finished Basements Costs Remodeling News Basement Renovation Toronto Finished Basements Costs Remodeling News Best Tips From Basement Remodelling News On average a basement finishing package would cost between per square foot in the GTA. For example a 1, 000 square feet basement would cost between 40, , 000 depending on materials and upgrades you choose. This price should include all labour, materials, designs and cleanup. Standard Basement Renovation Cost (per sq. As you will see, the higher the square footage. the lower it costs per square foot. Basement Finishing Timelines Discounts: 9002, 000 sq ft: 23 weeks (Express Option) Basement Living is a project management construction company specializing in basement renovations throughout the Greater Toronto Area. Having been in the residential construction industry for over 35 years, we operate with confidence to take on even the most challenging of projects.