Thinking of Renovating Your Toronto Condo?

If you’ve recently bought a condo in Toronto—or you’re preparing to sell one—you’re likely asking:

Should I renovate? Will it pay off? Where do I even start?

This article isn’t about trendy backsplash tiles or Pinterest-worthy design. It’s a practical, experience-based guide for Toronto condo owners who want to renovate with clarity, confidence, and real results.

From navigating building approvals to reviewing contractor quotes, here’s everything you need to know to make smart renovation decisions—whether you’re upgrading for your own enjoyment or preparing to maximize resale value.

Please refer to more related articles on my website:

• 5 Renovation Pitfalls That Can Derail a Toronto Home Purchase
• 6 Top 6 Renovation Tips for Toronto Homeowners (2025)

Step One: Condo Management Approval Is Not Optional

Before you hire anyone—or even think about demolition—you need written approval from your condo’s property management. Yes, even for “small” updates like flooring.

Most Toronto condos will require:

• A written scope of work (what will be done, by whom, and when)
• Proof of contractor insurance and up-to-date licenses
• A noise and elevator use schedule
• A waste removal and delivery plan
• A refundable damage deposit

These applications are reviewed by the condo board or property manager. Timelines range from 5 to 15 business days, and no work should begin before you have formal written approval.

Tip: Assuming your renovation is “minor” can delay or derail the entire process. Always get written clearance.

How Much Does a Condo Renovation Cost in Toronto?

Let’s take a common example: a 2-bedroom, 2-bath condo in a 15–20-year-old building.

Option 1: Hire a Full-Service Renovation Company

• Estimated Cost: $35,000–$40,000
• Includes: Project management, scheduling, and ongoing reporting
• Pros: One contract, less stress, faster timelines

Option 2: Manage the Renovation Yourself

• Estimated Cost: $25,000–$28,000
• Includes: Only the trades’ services; all scheduling and planning is on you
• Cons: You’ll need to coordinate timelines, manage deliveries, meet licensing requirements, and ensure everything aligns with your condo board’s expectations

What’s your time worth?
The 30–50% markup for a professional contractor reflects convenience, time saved, and fewer mistakes—not just the work itself.

Real Example: How to Check If You’re Overpaying

A downtown client recently received a quote of $7,000 for painting a 2-bedroom unit.

They consulted a licensed independent painter who offered the same job for $2,000—a $5,000 difference.

Takeaway:
Always get at least 2–3 quotes from independent licensed trades before committing. This gives you price context and negotiating power, especially when quotes seem inflated.

Five Renovation Mistakes You’ll Want to Avoid

1. Skipping Management Approval:
   Your project can be delayed, fined, or shut down entirely.
2. Hiring Unlicensed Trades:
   No matter how skilled, unlicensed professionals may be denied access by condo management.
3. Overpromising on Timelines:
   Materials get delayed. Elevators are booked. Subcontractors cancel. Always build in buffer time.
4. Vague Contractor Quotes:
   A quote that simply says “bathroom reno – $7,000” is a red flag. Request itemized line-by-line estimates.
5. Prioritizing Aesthetics Over Structure:
   Don’t invest in expensive materials without addressing what’s underneath. A high-end floor won’t last over a damaged subfloor.

What a Good Contractor Quote Should Include

To avoid surprises, a professional quote should clearly list:

• Start and completion dates
• All included materials vs. items billed separately
• The scope of work by room or task
• Payment schedule and timing
• Who is responsible for city permits (if applicable)
• Waste removal details
• Warranty terms

If any of these are vague, request clarification—or walk away.

Should You DIY or Hire a Full-Service Company?

Go DIY If:

• You’re detail-oriented and have 6–8 weeks for site visits and project management
• You’re familiar with hiring and scheduling trades
• You live nearby and can be on-site regularly

Go Full-Service If:

• You prefer a single point of contact
• You’re working full-time or live out of town
• You want fewer unknowns and a clear reporting process

Neither choice is wrong. But you must be realistic about your time, energy, and risk tolerance.

How to Find a Trusted Contractor in Toronto

• Ask your real estate agent. We often have experience working with vetted renovation pros.
• Use HomeStars.com to find licensed, reviewed professionals with a track record.
• Explore Toronto Facebook groups or condo community forums for referrals and warnings.
• Ask property management for a sample renovation application—this ensures your contractor can meet expectations.

Final Thoughts

Renovating a condo in Toronto isn’t just about improving space—it’s about improving lifestyle, resale value, and peace of mind. But it’s only worth it when done right.

Plan early, budget realistically, and choose your contractors with care. Whether you’re preparing your unit for sale or making it feel like home, smart renovations pay off long after the dust settles.

So why am I talking to you about condo renovations?

You might think it’s beyond a realtor’s role—but here’s the truth:
I’ve never excluded dated condos from my buyer tours. I’ve helped clients spot overlooked gems and transform them with efficient, targeted updates. I’ve also supported sellers in renovating strategically before listing to maximize their sale.

Both sides of the process—buying and selling—follow the same rules: solid planning, realistic budgeting, and the right professionals on your team.

If you’re looking for a Toronto real estate agent who sees not just what a condo is, but what it could become—I’d love to help.

Email me at Olena@AgentOlena.com | Call or text me at 647-294-3039