How Much Does It Cost to Finish a 1000 Sq Ft Basement in Ontario?

Tuesday, March 04, 2025-

1

mins

Planning to finish a 1000 sq ft basement? Learn about costs, material choices, and expert tips to maximize your investment.
 

Cost Breakdown for a 1000 Sq Ft Basement:
 

Flooring:
 

• Budget option (vinyl) $4,000
• Mid-range (engineered wood) $6,500
• High-end (hardwood) $10,000+

Walls & Ceiling:
 

• Budget option $6,000
• Mid-range $10,000
• High-end $15,000

Lighting & Electrical:
 

• Budget option $3,000
• Mid-range $5,000
• High-end $8,000

Bathroom Addition:
 

• Budget option $10,000
• Mid-range $15,000
• High-end $25,000

Total estimated cost:
 

• Budget renovation $30,000 - $50,000
• Mid-range renovation $50,000 - $80,000
• High-end renovation $80,000 - $120,000

Key Cost-Saving Tips
 

1. Use luxury vinyl plank flooring instead of hardwood
2. Opt for pre-fabricated vanities for bathrooms
3. Stick to a simple open-concept design

Ready to finish your basement? Let Advantage Flooring & Reno help you create a functional, stylish space!