A gut renovation in Toronto typically costs $250-350 per square foot, depending on the scope and finishes. For a 1,200 sq ft home, expect $300,000-420,000. This includes permits ($500-3,000), temporary living costs, and the 20-30% buffer for surprises we always find behind walls. Get quotes from at least 3 contractors and remember – the cheapest isn’t always the best value.
