Toronto / Basement apartment cost

Basement apartment cost in Toronto

Toronto issued 275 permits for new second suites (mostly basement apartments) in the last 12 months. The typical declared cost was $40k, and the middle half of projects declared between $20k and $50k. A typical permit took 7 days from application to issue, against 18 days for all small residential work. The busiest month was July 2026, with 36 permits.

Permits275last 12 months
Typical cost$40kper project
Permit wait7dmedian

How much people spend

A new self-contained second unit inside a house, most often in the basement. Number of permits in each declared-cost band.

Under $10k
12
$10k-25k
55
$25k-50k
58
$50k-100k
57
$100k-200k
6
$200k-400k
4
Over $400k
2

Cost by neighbourhood

Postal areas with at least 5 priced permits for this work. Tap a column heading to sort.

AreaPostalPermitsTypical costWait (days)
Postal area M1PM1P16$42k10
Guildwood & MorningsideM1E14$40k7
Postal area M1GM1G14$40k8
Postal area M1CM1C12$40k8
Postal area M1HM1H11$20k6
Kennedy ParkM1K11$28k14
Birch CliffM1N11$30k8
WexfordM1R11$36k6
Postal area M9VM9V8$50k8
Postal area M9WM9W7$40k6
Postal area M1TM1T6$40k4
Postal area M2JM2J6$10k6

Cost by type of home

HomePermitsTypical cost
2 Unit, Detached211$40k
2 Unit, Semi-detached38$50k
2 Unit, Townhouse11$28k

Month by month

Permits issued for new second suites (mostly basement apartments) across Toronto each month. Tap or hover a month.

Other job costs

Source: City of Toronto building permits, Small Residential Projects issued since November 2025, work type "Second Suite (New)". Costs are as declared on permit applications, not final prices, and leave out work that needs no permit.