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Cost Guide

How Much Does a Basement Suite Cost in Saskatoon? (2026 Price Guide)

Meadow ContractingJanuary 20, 202612 min read

Planning a basement suite in Saskatoon? Here's a detailed breakdown of what you can expect to pay in 2026, from basic finishing to a fully-legal rental suite with separate entrance.

Need a quote? Our basement suite development team provides detailed, transparent pricing for your specific project.

Quick Cost Summary

The cost of a basement suite in Saskatoon depends primarily on the scope of work, finish level, and whether you're building a legal suite. Here are the typical ranges:

Project TypeCost per Sq Ft700 Sq Ft Example
Basic Development$50 - $65$35,000 - $45,500
Mid-Range Finish$65 - $85$45,500 - $59,500
Legal Suite (Standard)$80 - $110$56,000 - $77,000
Premium Legal Suite$100 - $130$70,000 - $91,000

SSI Grant Savings

Remember: the SSI Grant covers 35% of eligible costs (up to $35,000). A $77,000 legal suite would qualify for approximately $26,950 back, making your net cost around $50,050.

What's Included in Each Level?

Basic Development ($50-65/sq ft)

Basic basement development without full suite amenities:

  • Framing and drywall
  • Basic electrical (lights, outlets)
  • Standard flooring (laminate or vinyl plank)
  • Basic paint
  • One bathroom (3-piece)
  • No kitchen
  • No separate entrance

Note: This level does NOT qualify for the SSI Grant because it lacks a full kitchen and separate entrance.

Mid-Range Finish ($65-85/sq ft)

Better finishes but may not meet legal suite requirements:

  • Quality framing and drywall
  • Upgraded electrical
  • Luxury vinyl plank flooring
  • Quality paint and trim
  • Full bathroom (4-piece)
  • Kitchenette or partial kitchen
  • May or may not have separate entrance

Legal Suite - Standard ($80-110/sq ft)

Meets all requirements for a legal, rentable secondary suite:

  • Full kitchen (cabinets, countertops, sink, stove, fridge)
  • Full bathroom (4-piece)
  • Separate entrance with concrete landing
  • Bedroom(s) with egress windows
  • Fire separation from main dwelling
  • Dedicated HVAC system or zone
  • Smoke and CO detectors
  • Sound insulation
  • All permits and inspections

Premium Legal Suite ($100-130/sq ft)

High-end finishes that command top rental rates:

  • Custom kitchen with stone countertops
  • Stainless steel appliances package
  • Tile bathroom with modern fixtures
  • Engineered hardwood or premium LVP
  • Custom trim and built-ins
  • In-suite laundry
  • Premium lighting fixtures
  • Smart home features

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Detailed Cost Breakdown

Here's what goes into a typical 750 sq ft legal basement suite in Saskatoon:

CategoryLow EstimateHigh Estimate
Framing & Insulation$6,000$10,000
Drywall & Finishing$5,000$9,000
Electrical$7,000$12,000
Plumbing$8,000$15,000
HVAC$4,000$8,000
Kitchen (cabinets, counters, sink)$8,000$18,000
Appliances$3,000$6,000
Bathroom$6,000$12,000
Flooring$4,500$9,000
Paint & Trim$3,000$6,000
Separate Entrance$5,000$12,000
Egress Windows$3,000$6,000
Fire Separation$2,000$4,000
Permits & Inspections$2,500$4,000
TOTAL$67,000$131,000

Net Cost After SSI Grant

Here's what your actual out-of-pocket cost looks like after the SSI Grant:

Project CostSSI Grant (35%)Your Net Cost
$70,000-$24,500$45,500
$85,000-$29,750$55,250
$100,000-$35,000 (max)$65,000
$120,000-$35,000 (max)$85,000

How Long Does It Take?

Typical timelines for a legal basement suite in Saskatoon:

  • Permits: 2-4 weeks
  • Demolition & Framing: 1-2 weeks
  • Rough-ins (electrical, plumbing, HVAC): 1-2 weeks
  • Inspections: 1 week (scheduled between stages)
  • Insulation & Drywall: 2-3 weeks
  • Finishing (flooring, paint, trim): 2-3 weeks
  • Kitchen & Bathroom: 1-2 weeks
  • Final Inspections: 1 week

Total: 10-16 weeks from permit application to move-in ready.

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