
Average costs, budgets and tips
Renovating a 1,200 square foot home in Toronto can be exciting, but it can also feel a bit overwhelming, especially when it comes to figuring out costs. Prices can vary widely depending on the type of work, the materials you choose, and whether the home is newer or has older systems that need updating.
In this guide, weโll break down what you can realistically expect to spend, explain what different renovation budgets cover, and share tips to help you plan a smooth, stress-free renovation.
Renovation costs in Toronto are usually calculated per square foot. Hereโs a simple overview for 2026:
| Renovation Type | Cost per Sq Ft | Estimated Total Cost |
|---|---|---|
| Cosmetic / Minor Updates | $100 โ $150 | $120,000 โ $180,000 |
| Mid-Range Renovation | $150 โ $250 | $180,000 โ $300,000 |
| High-End / Full Renovation | $250 โ $400+ | $300,000 โ $480,000+ |
These estimates include labour, materials, and permits,ย typical for Toronto homes.
This is a lighter renovation focusing mostly on the look and feel of your home.
Who itโs for: Great for newer homes or homes that donโt need major work, and for those looking to refresh their space without changing the layout.
A mid-range renovation is perfect if you want noticeable improvements without tearing everything down.
Who itโs for: Families looking to modernize an older home or improve functionality and style.
This is the most extensive type of renovation, often called a full gut.
Who itโs for: Older homes, century homes, or homeowners looking to completely transform their space.
Tip: Always include a 10โ20% contingency in your budget for surprises.
| Renovation Type | Typical Timeline |
| Cosmetic | 4โ6 weeks |
| Mid-Range | 8โ12 weeks |
| Full Renovation | 4โ6+ months |
Keep in mind, design, permits, and material availability can affect timelines.
Renovating a 1,200 sq ft home in Toronto can cost anywhere from $120,000 to over $400,000 depending on the level of work. By planning carefully, knowing what to expect at each budget level, and working with experienced professionals, you can create a home thatโs both functional and beautiful.
Planning on renovating your home?
Get in touch with Grand Design Build for your home renovation.