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Finishing your basement is one of the best ways to add livable space, increase resale value, and improve comfort in your home. Whether you’re planning a family rec room, a legal rental suite, or a full home theatre, understanding what drives basement renovation costs in Ottawa will help you plan with confidence — and avoid expensive surprises. Average Cost to Renovate a Basement in Ottawa Across Ottawa, the cost of finishing a basement typically ranges between $30,000 and $15