Is $45,000 to finish a 650 sqft basement with a full washroom a fair price?

Complete basement finishing for a 250 sq ft area including: - Framing: $4,600 - Electrical: $4,600 - Plumbing (simple tie in): $575 - Bathroom exhaust fan: $1,380 - Insulation: $2,300 - Drywall: $8,050 - Flooring (LVP over existing asbestos tile): $3,450 - Trim: $3,450 - Closets: $3,450 - Paint: $2,300 - Bathroom Fixtures: $4,600 - White Glove Clean and Misc: $1,150 - Estimated Materials: $12,000

This quote covers the finishing of a ~1600 sqft basement by a contractor. The scope of work includes: - Interior wall framing - Drywalling, mud/tape - Painting - Trim/moulding - Flooring: Carpet for majority of the basement, tile in bathroom floor and shower - Plumbing: Water to bathroom sink and faucet, toilet plumbing and installation - Cleanup - Post construction duct cleaning Exclusions: - All electrical work - Window coverings (blinds)

This quote is for labor only to finish an unfinished 1000 square foot basement. The plan includes creating one large simple recreation room and a 3/4 bathroom. The flooring will be ceramic tile throughout, with wood framing, drywall finish, and a drywall ceiling. Existing features such as egress windows, waterproofing, HVAC, and electrical outlets/lighting are already in place and do not require work. A utility sink is also already present at the planned bathroom location. - Framing/Drywall: $18000 - Bathroom (including rough plumbing): $6000 - Tiling, thinset, grout: $6000 - Prime and paint: $2000