Basement cost

Question Icon
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?

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


You are looking at approx. 10,000.00.

User Icon
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.

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

$25000 - $30000

You can't get any decent quality cheaper.

User Icon
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.

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

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

User Icon
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,


User Icon
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....


Search the TrustedPros directory and discover the best contractors in your area.

Find your home service pro
Great renovations start with a great contractor.

Since 2004, TrustedPros has been helping homeowners find the right contractor for their home improvements and repairs.

Post Your Project

Within hours you'll be comparing offers from top-rated professionals. It's free to post and you're under no obligation to hire.

Trustedpros Inc. does not warrant the accuracy, completeness, safety, legality or usefulness of any Content, or Whether Content is Current and up-to-date, and TrustedPros Inc. Shall have no liability whatsoever with respect to your use or reliance upon any content or for content being removed or otherwise ceasing to be available. Please refer to the terms and conditions of use of this websites for more details.

It appears you may be located in the US

TrustedPros is designed to deliver results targeted to your location.

Get Free Estimates

Post your project and compare offers from top-rated pros.