Cost of Renovation Per Square Foot in Toronto

For a basic full-home remodel, one will need to spend at least $100 and $200 for every square foot (PSF). This is an average cost for every section of the house, whether kitchen, bathroom, living rooms or others.

Essential Cost for a Home Renovation

The renovation cost per square foot typically covers everything from demolition to framing, insulation, and wiring. It also covers the costs of plumbing, heating and cooling systems, and every fixture in the kitchens and bathrooms. This does not include appliances. The cost of the chosen flooring materials will also depend on it. 

A budget of between $100 and $200, therefore, will get the materials that are available at the local retail outlets. Still, the work is standard, especially if working with something above $150. Working under the $150 mark means some shortcuts will be involved.

$200-$300 PSF

There is some customization in the next level, where the budget ranges between $200 and $300 PSF. In this category, the projects mainly renovate the space within the walls, not gut renovations.

$300 PSF and above

Renovations here will likely involve structural work, like combining apartments or changing the layout. They also include where one wants to move walls, add staircases, or do electrical rewiring. Kitchens and bathrooms usually cost more, so the more bathrooms and kitchens you have, the higher the cost becomes. Things get more customized and exotic at and beyond this range and involve top-class artistry.

Budget for Permits, Design, and Other Behind the Scenes Expenses

1. Design

Depending on the services and procedures to be undertaken, a professional designer or even an architect might be needed. These experts usually charge a flat rate or a percentage of the project cost. Call us for condo renovation in Toronto if you have any questions.

2. Building and city requirements

Co-ops are typically stringent when it comes to renovations, often requiring the involvement of an architect. Some buildings may also have insurance coverage minimums or security deposits to cover potential damage. Technicians for these buildings usually charge higher rates. The costs of permits can be substantial, with plumbing permits sometimes reaching as high as $5,000, underscoring the financial implications of a condo renovation.

3. Demolition and site prep

After demolition, some preparatory work, like levelling and stripping, will be done, and the general contractor will prescribe the costs.

4. Overhead costs

Estimating overhead costs can be a complex task. While labour costs can be calculated more precisely, they are heavily influenced by certification and other requirements, which can significantly inflate the total. In addition to the hourly rate, labour costs typically include license, insurance, and other relevant overhead fees. A technician usually takes between 10% and 15% per cent of profit, adding another layer of complexity to the budgeting process.

How Much Does It Cost to Renovate a House With CSG Renovation

Here, you can see 2 examples of our entire house renovation and its cost.

The first example. A small condo in Toronto. The cost of this work was $30-$35 PSF, excluding materials. The customer was delighted.

The second example is a building in Ontario, Canada. This kind of renovation costs $25-$30 PSF, excluding materials. We’ve renovated the whole house, including the bathroom and the kitchen.

Renovation Budgeting Tips

After all the above items are taken care of, allocating between 10 and 15 per cent is still necessary to cover any unanticipated expenses.

To minimize house renovation costs and ensure the budget works well and safely, these tips will be of great help:

1. Mixing high and low: One should find a matching and affordable way to balance the materials between off-the-shelf, handmade, custom, or standard as deemed proper.
2. No skimping on plumbing and electrical infrastructure: These are sensitive areas, so there are no taking chances!
3. Focusing on kitchens and baths.
4. Consider the architectural complexity of the remodel. One done in a standard style is less expensive than experimental and complex architectural designs.
5. Use a combination of high-end finishes with cheaper but more durable ones. That way, you lower the final cost and achieve a wow effect. 

Experts should be brought on board early to avoid expensive adjustments mid-stream.

Our company, CSG Renovation, can help you with your renovations. If you have any questions, don’t hesitate to call us at (647) 428-0007 or use the form below to write to us.

Frequently Asked Questions

How much does it cost to renovate a 1000-square-foot house?

The average cost to renovate a 1,000-square-foot home is $90,000 to $200,000. For a basic whole-house remodel, you must shell out $100 to $200 for each square foot. This is the average cost for each part of the house, whether the kitchen, bathroom, living room or any other part.

How much does a kitchen renovation cost per square foot in Toronto?

The cost depends on the size of the kitchen: a small kitchen under 70 square feet will cost $6 000-$25 000; a medium (100-150 square feet) will cost $18 000-$50 000; a large one (150 square feet and over) will cost $40 000-$78 000+.

How much does a bathroom renovation cost per square foot in Toronto?

Bathroom renovations in Toronto cost from $2,000 to $15,000 or more. The average check is usually $7 000. Of course, the cost depends greatly on the size of the bathroom, the materials, and the scope of the renovation.