Basement cost

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Posted by: from Mississauga
8/18/2016 at 10:20:33 AM

I am thinking about having my basement completed with a 3 piece bathroom, laundry room, repair to stairs and closed in furnace and hot water heater. It is 500 square feet. Would you please estimate how much it would cost?

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Date/Time8/18/2016 at 12:47:54 PM


You are looking at approx. 10,000.00.

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Mark from CMJ Renovations in Oakville
Date/Time8/19/2016 at 9:07:25 AM


You are looking at approx 10,000.00

Maybe for the material depending on finishes, the average 500 sqft basement in the GTA will cost you a min of $40.00 -$60.00 a sqft to start

3 pc bathroom if rough in is there $7000.00 plus (100sgft) min. nothing fancy stand up Home depot shower, vanity etc

Leave you 400 sqft at a min of $40-$50 a sqft.

Realistically you should budget $25 to 35,000.00.

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Date/Time8/19/2016 at 10:03:07 AM

$25000 - $30000

You can't get any decent quality cheaper.

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Date/Time8/19/2016 at 10:10:52 AM

I see my comment has been removed. I'm tired of people coming on this site throwing numbers around and don't have a clue what they are talking about. Last two postings show knowledge, only what I said when roofer price the basement, it is a joke and you can see on the price.


Don't remove this for reputation of hard working contractors.

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Date/Time8/19/2016 at 10:45:48 AM

Such size including all materials and labor for basic materials would cost about $25k.

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Laith (Leo) from The A Team Renovation in Brampton
Date/Time8/20/2016 at 3:18:08 AM


Regarding basement finishing for 500 sqf the cost will be between 20000 $-25000 $ (labour & materials) depends the details.

Please let me know if you have any question.

My Regards,


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Matthew from Matt of All Trades in Kitchener
Date/Time8/24/2016 at 11:36:28 PM

10,000!!! Just say no!

I find myself to be honest and always want to provide the best work and price for my clients and would not even try and wonder how that price can work.

I have done 10 basements in the 450 - 600 sqft range and have never come in under 20k. My last 2 basements were 500 and 550 sqft and came in at 25 and 27000 respectively.

I suggest to potential clients that I am meeting for the first time to meet with multiple contractors to establish a good average price.

45-55$ per sqft is always a good baseline....


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