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, we’ll 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. Here’s a simple overview for 2026:
| Renovation Type | Cost per Sq Ft | Estimated Total Cost |
|---|---|---|
| Cosmetic / Minor Updates | $100 – $150 | $120,000 – $180,000 |
| Mid-Range Renovation | $150 – $250 | $180,000 – $300,000 |
| High-End / Full Renovation | $250 – $400+ | $300,000 – $480,000+ |
These estimates include labour, materials, and permits, typical for Toronto homes.
This is a lighter renovation focusing mostly on the look and feel of your home.
Painting walls and ceilings
Replacing or refinishing flooring
Updating lighting fixtures
Small trim and door improvements
Who it’s for: Great for newer homes or homes that don’t 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.
Kitchen updates (cabinets, countertops, appliances)
Bathroom upgrades
New flooring throughout
Some electrical or plumbing updates
Minor layout changes (non-load-bearing walls)
Who it’s 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.
Complete interior demolition
Structural changes (like removing walls or adding beams)
New plumbing, electrical, and HVAC systems
Custom kitchens and luxury bathrooms
Premium finishes and millwork
Who it’s for: Older homes, century homes, or homeowners looking to completely transform their space.
Kitchen: $35,000 – $75,000+ depending on cabinetry, countertops, and appliances
Bathrooms: $15,000 – $30,000 each for fixtures, tiling, and waterproofing
Flooring: $12,000 – $25,000 depending on material choice
Electrical & Plumbing Upgrades: $15,000 – $40,000 if systems need updating
Labour Costs: Skilled tradespeople in Toronto are in high demand.
Permits & Inspections: Required for plumbing, electrical, structural changes, and some basement work.
Older Homes: Some properties need extra work like rewiring, plumbing updates, or asbestos removal.
Tip: Always include a 10–20% contingency in your budget for surprises.
| Renovation Type | Typical Timeline |
| Cosmetic | 4–6 weeks |
| Mid-Range | 8–12 weeks |
| Full Renovation | 4–6+ months |
Keep in mind, design, permits, and material availability can affect timelines.
Make a list of must-haves vs. nice-to-haves
Avoid moving plumbing or walls unless necessary
Choose durable, mid-range finishes to balance quality and cost
Get multiple itemized quotes from contractors
Include contingency funds to cover unexpected issues
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 that’s both functional and beautiful.
You can contact Grand Design Build to get started with your project.