Planning on remodelling your basement for additional living and storage space? Well, today must be your lucky day because we’re sharing our picks for the top Toronto contractors that can help with that.
We’ve put together a list of trusted contractors that offer the best basement renovation in Toronto. This is based on the quality of their services and what previous customers think about their workmanship.
Before we get right to it, we’ll go over the average cost of basement renovation in the area. We’ve even answered a few questions related to renovating your basement, so make sure to read until the end of this article.
The Cost of Basement Renovation in Toronto
How much you’re going to spend on bathroom renovation depends on a list of factors, including the size of the basement, condition of the space, materials and labour required, and the complexity of the interiors.
According to our research, a renovation contractor usually charges anywhere from $55 to $80 per square feet. If you have an 800-square feet basement, expect to shell out around $40,000 to $70,000 for its remodelling.
Here’s a more detailed look into the prices of basement renovations in Toronto:
BASEMENT ELEMENT | AVERAGE COST |
Turnkey (without bathroom) | $32,000 to $63,000 |
Bathroom | $12,000 to $30,000 |
Walls and joint sealing | $3 per sq.ft. + $1,700 for joints |
Ceiling | $3.75 to $6.25 per sq.ft. |
Floording | $2.50 to $3.75 per sq.ft. |
Insulation | $4.40 to $16 per sq.ft. |
Painting | $1,000 to $3,600 |
Plumbing | $58 to $260 per hour |
Electrical works | $50 to $100 per hour |
The Options for the Best Basement Renovation in Toronto
Now that you have an idea of how much you need to spend to renovate your basement, it’s time to look at the contractors we think are worth hiring!
Check them out below to see which one can turn your dream basement into a reality.
1. Basement Systems Toronto

SERVICES | Basement waterproofing, crawl space repair, foundation repair |
WEBSITE | https://www.torontobasementsystems.com/ |
ADDRESS | 1735 Bayly St, Pickering, ON L1W 3G7 |
CONTACT DETAILS | 1-416-227-5455 |
OPERATING HOURS | Daily: 9AM to 5PM |
Basement Systems Toronto has built a strong reputation for transforming basements into functional, livable spaces. With patented renovation solutions and a team of skilled professionals, they cater to homeowners in Toronto, Markham, Mississauga, and nearby areas.
Basement Systems Toronto specializes in turning unfinished or outdated basements into modern, usable spaces. Their team is trained to handle insulation, flooring, lighting, and moisture control to create a comfortable environment.
The company offers exclusive basement finishing systems designed to resist moisture, mold, and damage. Their durable wall panels, flooring, and ceiling solutions ensure longevity and low maintenance.
Homeowners can request a free inspection where specialists evaluate the basement’s condition and provide a written estimate. This allows for informed decision-making without any upfront commitment.
Their basement renovation services include moisture-resistant flooring, insulated wall panels, ceiling systems, and lighting solutions. By addressing both aesthetic and functional aspects, they provide complete basement transformations.
Basement Systems Toronto is known for their timely renovations and attention to detail. Their structured approach minimizes disruption while ensuring a high-quality finish.
Serving Toronto, Markham, Mississauga, and surrounding areas, they provide convenience and accessibility for homeowners looking to renovate their basements.
Pros
- Expertise in Basement Renovation
- Patented and High-Quality Products
- Free, No-Obligation Inspections and Estimates
- Comprehensive Service Offerings
- Efficient and Professional Installation
- Extended Service Areas
Cons
- Advanced Scheduling is Recommended
Customer Reviews
Here are some reviews from their clients:
“Haithem came in to do a consult on my Basement and to assess if there was any foundation issue. He was thorough in his inspection and took his time to answer my questions patiently. He assessed the crack in my basement wall and ran through the options available. Very happy with my experience with him and I am glad to have received his advice on my situation.”
“I was very pleased with the service the Basement Systems Toronto team provided from start to finish. The sales representative, Haithem, was knowledgeable and incredibly responsive, both before and AFTER I signed the contract. We spoke several times leading up to the installation and he even made a 2nd trip to our house to help us plan for our new sump sump. The installation team was also very professional, did an excellent job working within our parameters (we had some unique requirements given our basement is finished) and made sure to clean up after themselves. Haithem went above and beyond after the installation by helping get me the Toronto Business License Number I needed to submit my rebate request from the city. Great job team!!”
2. Home Improvement People

SERVICES | Kitchens, Bathrooms, and Basements |
WEBSITE | https://www.homeimprovementpeople.com/ |
ADDRESS | 1120 Castlefield Ave, York, ON M6B 1E9, Canada |
CONTACT DETAILS | [email protected] | (416) 782-7605 |
OPERATING HOURS | Monday – Friday: 8:30 am to 5:00 pm |
With 21 years in the business, Home Improvement People (HIP) has built a strong reputation in the home renovation industry. Their consistent recognition, winning the Homestars Best Award for 18 consecutive years, speaks to their reliability and quality of service.
For those who prefer a hands-off approach to selecting materials, HIP offers pre-selected flooring and fixtures. This can save time and effort for homeowners who may feel overwhelmed by the numerous options available.
One of the standout features of HIP is their commitment to transparency in pricing. They provide detailed and accurate estimates, ensuring that clients understand the costs upfront. Additionally, they offer to match any competitor’s quote, giving homeowners confidence that they are receiving a fair deal.
Each project comes with a dedicated project manager who oversees the renovation from start to finish. This helps streamline communication, ensures accountability, and provides clients with a single point of contact throughout the renovation process.
HIP offers multiple customer-friendly policies, such as a 10-day refundable deposit, showroom discounts (including items from The Brick), and attractive monthly financing options. These perks make basement renovations more accessible to a broader range of homeowners.
Renovations can be messy, but HIP pledges to keep the home as clean and organized as possible throughout the project. This is a significant advantage, particularly for homeowners who are living in the space during the renovation.
They provide a three-year warranty on labor, with an option to extend it to ten years. This adds peace of mind, ensuring that any post-renovation issues can be addressed without additional costs.
Pros
- Extensive Experience and Industry Recognition
- Convenient Shopping Options
- Transparent Pricing and Price Matching
- Dedicated Project Management
- Customer-Centric Benefits
- Commitment to Cleanliness
- Warranty and Added Protection
Cons
- They don’t do commercial work
Customer Reviews
Here are some reviews from their clients:
“Home renovations and horror stories unfortunately go hand in hand. We have little experience in renovating, but from our first telephone call to The Home Improvement People we knew the right decision was made. Our call was answered by a real person, and soon thereafter Dan himself returned our call. Dan was courteous, fair and pleasure to do business with. Our contractor Jerry was amazing! He was punctual and in our home on a daily basis, focusing on us 100% until the renovations were complete. Not only was Jerry polite and efficient he provided us with exactly what we had asked for. The quality of his workmanship was second to none. Right from the Home Improvement People’s receptionist to their contractors and everything in-between, we would definitely call Dan a second and third time. We would recommend them to anyone looking for quality renovations at a fair price. Thank you for a wonderful experience and cheers to a beautiful renovation!”
“I don’t even know where to begin with how HAPPY we are with Jerry and his work. The quote was more than fair, he was neat, early, worked fast and efficiently, his work was flawless, no steps missed or overlooked, he cared for my home like he would his own. I could not believe one person could do all of this in such a short amount of time. Jerry gave us some pointers on things to change and I am SO happy we listened! After all, he is the professional . We will be having him back for future products we have planned, the home improvement people are the real deal. You are doing yourself a favour by trusting them .”
3. CSG Renovation

SERVICES | Basement renovation, commercial renovation, condo renovation, kitchen renovation, and pop ceiling removal |
WEBSITE | https://csgrenovation.ca/ |
ADDRESS | 140 Erskine Ave #2116 Toronto, ON M4P 1Z2, Canada |
CONTACT DETAILS | 647-428-0007 |
OPERATING HOURS | Monday to Friday: 9:00 AM – 8:00 PM Saturday to Sunday: 9:00 AM – 4:00 PM |
Established 10 years ago, CSG Renovation has become an in-demand name in residential and commercial renovations in the Greater Toronto Area. It comes as no surprise considering the consistent quality of its renovations.
It’s worth noting that CSG is a full-range renovation contractor that goes beyond remodelling basements. It has a fully licensed and insured team that can do kitchen renovations, bathroom renovations, roof repairs, plumbing services, and electrical works.
Whether you want to turn your basement into a new workstation or a home theatre, CSG will know exactly what to do. In fact, it’s even successfully remodelled basements into home gyms, laundry rooms, and even wine cellars.
Aside from home renovations, CSG sells a wide collection of renovation materials such as double-paned windows, waterproof walls, and bathroom fixtures. We think that hiring it as your contractor is like hitting two birds with one stone.
There are various financing options open to all customers as well, which is great news for those who don’t have enough cash on hand. We’re not sure about the interest rates, though.
Pros
- 10 years of experience
- Different payment options
- Free consultation
- Full-range renovation contractor
Cons
- Unclear warranty policy
Customer Reviews
CSG Renovation has earned a perfect 5 out 5 rating on Google Reviews. Here’s what past customers had to say:
“After seeing the quality of their work at a friend’s home, where Zeev and his crew finished a basement, we decided to hire them for our basement renovation. We are extremely happy with the quality of their work. Everything Zeev promised he would do, he did. The job was completed on time, four weeks to the day, from start to finish. All of his tradespeople were respectful and courteous and very professional. Zeev is a problem solver and was able to help us incorporate an existing electric fireplace into our completed space. He worked with us in choosing finishing touches and his recommendations were informative and helpful. If you are looking for a contractor for your home renovation we would definitely recommend CSG Renovations. They offer quality, affordability and reliability.” -David Torquia
“I needed a modern bathroom for our master suite. CSG surprised me with a custom design, incorporating all our ideas into their plan. The new toilet and bathtub that they installed are so easy to use and quite efficient. Everything is modern and well laid-out. They worked within the agreed time and were flexible enough to go with our schedule. I appreciate their creative choice of materials and attention to detail. Thanks for the good work.” -Andrew Pounds
4. Alfa Design

SERVICES | Basement renovation, kitchen remodelling, design and decoration, and bathroom renovation |
WEBSITE | https://alfa-design.ca/ |
ADDRESS | 1675 Yonge St, Toronto, ON M4T 2C1, Canada |
CONTACT DETAILS | 416-893-6663 [email protected] |
OPERATING HOURS | Monday to Friday: 9:00 AM – 7:00 PM Saturday: 9:00 AM – 5:00 PM |
If your main goal is to increase the value of your property, then you should definitely check out Alfa Design. It’s a renovation contractor that’s helped multiple Toronto residents add thousands of dollars to the price of their residential spaces.
The thing about Alfa Design is it’s not as popular as the other contractors in our list, but it’s not to be underestimated. Despite its small team, it managed to work on renovation and remodelling projects of different scales, big and small.
Speaking of its team, Alfa Design takes pride in its skilled and experienced remodeling experts who know their way around 3D modelling and computer-aided design software.
We’re particularly impressed with its attention to detail and eye for design, which is a trait that every homeowner looks for in a renovation contractor. Its designers know which wallpapers and furniture will go well with the interiors of your basement.
The only qualm we have with Alfa Design is we’re not sure how long its warranties last. If they don’t last years, then that may end up becoming a huge inconvenience for you.
Pros
- Reliable customer service
- Accessible location
- Works fast
- Boutique renovation contractor
Cons
- Unclear warranty policy
Customer Reviews
Check out these reviews for Alfa Design:
“Simply the best!! Ali and Mehdi are very kind and knowledgeable people. They helped us remodel our basement and we couldn’t be happier! Nice and honest people, it was a pleasure to work with them! I strongly recommend them to anyone who would like to improve the value of their home.” -Anis Heirani
“I am very satisfied with Alfa Design. I had a terrible experience with my 2 previous contractors and I was running out of time because I needed to move to my condo ASAP. Without Mahdí and Ali’s work, I would be lost. They worked very fast and with very high-quality standards. Every time there was a problem, they stepped in to suggest solutions. They are really committed to delivering something that will make you happy. Most contractors don’t do it. They do.” -Marcelo Gagliano
5. Penguin Basements

SERVICES | Basement renovation, basement finishing, basement walkouts, bathroom renovation, and kitchen renovation |
WEBSITE | https://www.basementscanada.com/ |
ADDRESS | 906 Magnetic Dr, North York, ON M3J 2C4, Canada |
CONTACT DETAILS | 866-262-8298 [email protected] |
OPERATING HOURS | Monday to Friday: 8:00 AM – 7:00 PM Saturday: 9:00 AM – 3:00 PM |
Penguin Basements has been renovating and finishing basements in Toronto for more than a decade now. It’s a recognized member of Renomark™, which proves a lot about the quality of its renovation services.
Aside from the guarantee of high-quality renovation, being a member of Renomark™ means there’s a minimum two-year warranty and a minimum liability of $2 million on all renovations.
Renovation accidents are something that every homeowner is afraid of, but with Penguin Basement, there are safety standards in place to make sure that every worker is safe. There’s also workplace liability insurance to legally protect customers from damages.
The thing we like most about Penguin Basement is that it can turn your old, decaying basement into a place of entertainment or productivity. Basically, it treats every basement like a blank canvas and it will paint whatever the imagination of a homeowner is.
Unlike with other contractors, its sales team doesn’t exist solely to sweet talk all potential customers. Every single sales representative is trained in building codes, design, and estimation.
In most cases, its sales team can provide homeowners with a quotation on the spot, with no hidden charges or surprise fees later on.
Finally, Penguin Basement offers financing options to make it easier for homeowners to pay for their renovation. Top of this off, the interest rate is as low as it can get.
Pros
- Different financing options
- Low interest rate
- Transparent pricing
- Fully insured and bonded
- Covered by two-year warranty
Cons
- Rates are above average
Customer Reviews
Dennis Foot posted this feedback on Facebook:
”We recently used Penguin Basements to finish our basement in Newmarket, Ontario. We had seen their sign around town, and figured we should inquire about their service and finishing system. We did inquire with some other companies as well, but found Penguins’ presentation made the most sense for us. We are pleased to say that everything — from the first response of our inquiry, to the finished product — has been very seamless and actually quite enjoyable.“
Another customer named Todd shared his experience on HomeStars:
”I always had concerns about which company to use to finish my basement. Penguin Basements put me at ease, from the salesperson Dan who brought a floorplan that I would never have considered, to Vince, the project manager, who kept me well informed and made sure the project was done to the highest of standards. There were no real surprises along the way, and they made sure we were happy every step. Fantastic Job.”
6. FinishedBasement.CA

SERVICES | Basement renovation and basement finishing |
WEBSITE | https://www.finishedbasement.ca/ |
ADDRESS | 290 Traders Blvd E #9, Mississauga, ON L4Z 1W7, Canada |
CONTACT DETAILS | 905-501-9574 |
OPERATING HOURS | Monday to Friday: 8:00 AM – 6:00 PM |
With more than 23 years in the business, FinishedBasement.CA has renovated more than 2,800 basements in Toronto and other surrounding areas. It earned a spot here based on three main reasons.
First, it can approximately finish basement renovations in no more than two weeks… so if you’re looking for a contractor that can turn your basement into a whole new space quickly, then these guys are the ones to call.
Second, FinishedBasement.CA may be a prominent name in Toronto, but that doesn’t mean its rates will hurt your pockets. In fact, it can provide different renovation solutions depending on the budget of a customer, as long as it’s reasonable, of course.
Third, Toronto residents aren’t the only ones who can benefit from its superb renovation services. It’s open to every homeowner living in the GTA, from Ajax down to Woodbridge.
In terms of experience, FinishedBasement.CA doesn’t fall short. Its crew is made up of 15 specialists of various trades with more than 150 years of combined experience, which is an impressive feat if you ask us.
Moreover, there’s no need to worry if you don’t have enough funds to pay for the renovation right now. FinishedBasement.CA offers monthly payment options with a minimal interest rate.
Pros
- Low interest rates
- Monthly payment option
- Competitive rates
- Equipped with high-end renovation tools
- Can finish renovations in less than two weeks
Cons
- Has received complaints about customer service
Customer Reviews
Take a look at these comments about FinishedBasement:
“These guys are the real deal. Very professional, respectful and certainly customer-first oriented. Exceptional quality work delivered with an on-time and as promised completion date. We are so very happy with our experience with this amazing crew. Our highest recommendations for this one.” -Johnny Sequoia
“You can trust them, they worked for two weeks to finish my basement, and They worked inside the home when we were not home almost every day. Meticulous work style: Their work and skill are awe-inspiring. Immaculate job, they clean up everything once work is done every day. No unwanted surprises. We were looking to finish the basement, but we can not afford to stay home while construction is ongoing and having small kids, we wanted the timeline for the project very short.” -U MODI
FAQs about Basement Renovation
And with that, we conclude our list of contractors with the best basement renovation in Toronto. If you’ve worked with any of them in the past, we want to hear your experience with them!
If you believed we missed out on other excellent basement renovation companies in Toronto, don’t hesitate to share their names with us. Who knows, you might see their names here in the future.
By the way, if you’re having problems with your house’s electrical system, you might need to ask for help from the best electricians in Toronto. Check out our list to know how to get in touch with them!