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Guide Cost to Finish Basement

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Basement renovation cost estimator

Unlock the hidden potential of your basement with Creation Builders’ transformative renovation services. Say goodbye to a dull and underutilized space, and hello to a vibrant area that serves your lifestyle needs. Here are just a few ideas to consider for your basement renovation project:

Playroom Haven

Transform your basement into the ultimate playroom where friends and family can gather for game nights and endless entertainment. From classic board games to high-energy activities like foosball or arcade games, the possibilities are endless.

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game room finished basement

Personalized Gym Oasis

Say goodbye to costly gym memberships and hello to a convenient home workout space. With a personalized gym area in your basement, you can enjoy the freedom to exercise on your schedule, all within the comfort of your home.

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gym room for basement

At-Home Cinema Experience

Indulge your love for movies by converting your basement into a luxurious at-home cinema. With a custom theater installation, you’ll have access to an extensive library of films and TV shows, all while enjoying immersive sound quality for a true cinematic experience.

Additional Bathroom Convenience

Add convenience and functionality to your home with an extra bathroom in your basement. Our team at Creation Builders can handle all aspects of the installation, including drywalling and waterproofing, to ensure a seamless and worry-free process.

Extra Income with a Rental Unit

Maximize the potential of your basement by converting it into a rental unit. With Creation Builders’ expertise in basement transformations, you can create a comfortable and attractive space that appeals to potential tenants, providing you with a valuable source of extra income.

At Creation Builders, we specialize in more than just basement transformations. Our services also include basement leak repair and insulation, ensuring that your space is not only beautiful but also functional and energy-efficient.

Explore our portfolio of modern basement renovation designs to see the possibilities for your own space.

Don’t let your basement go to waste any longer. Contact Creation Builders today to schedule a consultation and start the journey towards unlocking the full potential of your home.

Approximate Cost Breakdown of Basement Finishing

ItemCost Range ($)Description
Framing$2,500 – $6,000Cost includes framing materials and labor for framing out walls, creating room layouts, and partitions.
Drywalling$6,000 – $12,500Cost includes materials and labor for installing drywall on walls and ceilings.
PermitsVariableCost depends on local building codes and regulations. Typically ranges from $100 to $500 or more.
Plumbing$3,500 – $11,000Cost includes materials and labor for adding or relocating plumbing fixtures such as sinks and toilets.
Electricals$2,500 – $8,000Cost includes materials and labor for electrical wiring, outlets, switches, and lighting fixtures.
Plaster and Mud$1,500 – $6,500Cost includes materials and labor for plastering and mudding drywall seams for a smooth finish.
Painting$3,500 – $6,500Cost includes materials and labor for priming and painting walls and ceilings.
Flooring$2,500 – $9,000Cost varies based on the type of flooring chosen, such as laminate, carpet, tile, or hardwood.
Potlights$1,500 – $3,500Cost includes materials and labor for installing recessed lighting fixtures.
Insulation$1,500 – $3,500Cost includes materials and labor for insulating basement walls and ceilings for energy efficiency.
Soundproofing$1,500 – $3,000Cost includes materials and labor for soundproofing walls and ceilings to reduce noise transmission.
Waterproofing$10,000 – $35,000Cost includes materials and labor for waterproofing basement walls and floors to prevent moisture issues.
Baseboards$800 – $1,200Cost includes materials and labor for installing baseboards along the bottom of walls for a finished look.
3 Piece Bath$5,000 – $15,000Cost includes materials and labor for adding a bathroom with a sink, toilet, and shower or tub.
Laundry$2,500 – $3,500Cost includes materials and labor for installing laundry facilities, including plumbing and electrical work.

Basement Renovation Cost in Toronto

In total, a finished basement in Toronto , GTA and area could cost anywhere from $45 – $125 per square feet.

When it comes to transforming your unfinished basement into a functional and aesthetically pleasing finished basement space, Creation Builders stands out as your top choice. Here’s why:

quality controlled by Creation Builders

Quality Craftsmanship

At Creation Builders, we prioritize quality in every aspect of our work. From using high-quality materials to delivering exceptional performance on every project, we ensure that your finished basement exceeds your expectations.

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Unique Custom Designs

Dare to imagine anything! Our team at Creation Builders specializes in unique custom basement renovations tailored to your specific preferences and needs. Whether you envision a cozy retreat, a home theater, or a versatile living space, we bring your ideas to life.

affordable basement finishing toronto

Affordable Pricing

We understand the importance of staying within budget without compromising on quality. That’s why Creation Builders offers unbeatable pricing on basement renovation and finishing services.

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Basement Finishing in Toronto
comprehensive construction services

Comprehensive Services

From planning and analysis to construction and final touches, Creation Builders takes care of every step of the process. Our licensed, insured, and certified team with years of experience ensures a seamless and hassle-free experience for you.

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Planning and Analysis

Our process begins with a scheduled meeting to evaluate your property, take measurements, and address any questions or concerns you may have.

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construction materials needed for basement renovation

Material Selection

Save time and money with our extensive catalog of high-quality materials. Choose from a variety of options to suit your style and budget.

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Years of Construction and Design Experience

With a team of specialists boasting years of experience, Creation Builders ensures that your basement renovation is completed correctly, efficiently, and up to code.

construction experts basement finishers

Pre-Construction Inspections

Our thorough pre-construction inspections identify potential issues early on, allowing us to address them before they become problems. Your safety and satisfaction are our top priorities.

transparent reliable affordable pricing for basement finishing

Transparent Billing and Project Tracking

We believe in complete transparency throughout the project. With Creation Builders, you’ll always know where you stand and what to expect, with no hidden charges.


The cost of finishing a basement can vary depending on factors such as the size of the basement, the complexity of the design, the quality of materials chosen, any additional features or amenities, and the labor costs involved. Additionally, geographic location can also impact the overall cost.

Some popular ideas for finishing a basement include creating additional living space such as a home theater, game room, or guest suite. Other options include adding a home office, gym, or hobby area. The key is to assess your needs and preferences to determine the best use of the space.

The average cost to finish a basement can range from $50 to $120 per square foot. However, this cost can vary depending on factors such as location, materials used, and the extent of the renovation. It's best to get a detailed quote from a contractor based on your specific project requirements.

Some simple finished basement ideas include painting the walls and floors, adding area rugs for warmth and comfort, installing basic lighting fixtures, and incorporating modular furniture for flexibility. These ideas can help transform your basement into a functional and inviting space without breaking the bank.

To maximize space in a small basement, consider multi-functional furniture pieces, such as a sofa bed or storage ottoman. Use light colors and strategic lighting to create a sense of openness, and consider built-in storage solutions to keep clutter at bay. Additionally, incorporating mirrors can help create the illusion of more space

Creative basement finishing ideas include incorporating unique design elements such as exposed brick or reclaimed wood accents, adding built-in shelving or cabinetry for storage, and creating custom entertainment areas such as a built-in bar or media wall. The key is to think outside the box and personalize the space to suit your taste and lifestyle.

The cost of finishing a basement typically includes materials such as drywall, flooring, lighting fixtures, and paint, as well as labor costs for installation. Depending on the scope of the project, additional expenses may include plumbing and electrical work, insulation, and permits. It's important to discuss all potential costs with your contractor upfront to avoid any surprises.

The process of finishing a basement typically includes planning and design, framing and insulation, electrical and plumbing work, drywall installation, flooring installation, and finishing touches such as painting and trim work. Each step requires careful attention to detail to ensure the finished basement meets your expectations and complies with building codes.

Finished basements provide additional living space, increase the resale value of your home, and offer versatility in how the space can be used. Whether you're looking to create a cozy family room, a home office, in law suit or a guest suite, a finished basement can enhance your home's functionality and appeal.

When budgeting for finishing a basement, consider factors such as the size and layout of the space, the materials and finishes you want to use, any necessary structural or mechanical upgrades, Waterproofing, Egress Windows, and the cost of labor. It's also important to set aside a contingency fund for unexpected expenses that may arise during the renovation process.

The process of finishing a basement typically involves planning and design, framing and insulation, electrical and plumbing work, drywall installation, flooring installation, and finishing touches such as painting and trim work. Hiring a qualified contractor can help ensure that each step is completed correctly and efficiently.

Contact us

Contact us for your Basement Finishing,  Painting, Drywall Installation, Handyman Services,  Repair, Construction, Renovation, Installation, Flooring, Furnishing, Interior Design, Kitchen and Bath Design, Interior Design projects.

 We serve Toronto, GTA, Mississauga, Brampton, Richmond Hill, Scarborough, North York, Markham, Aurora, Newmarket and cities around. We will get back to you as soon as possible, or call us at:

 (647) 504-9858 

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