Ep 12. Mold Into Gold

As a real estate investor, Scott McGillivray has helped many people turn their properties into income-generating rental units. In season 1 of Income Property, McGillivray takes on a series of renovation projects that will help homeowners create separate living spaces that can be rented out for extra income.

In episode 12, titled "Mold Into Gold," McGillivray meets with a couple who have purchased a duplex in a popular Toronto neighborhood to create a space to rent out while they live in the other unit. However, upon inspection, they find that the entire property has a mold infestation, which could potentially derail their plans.

Despite the setback, McGillivray is up for the challenge. He devises a plan to gut the entire property and start from scratch, removing all the mold and ensuring that the living spaces are safe and healthy.

One of the first things McGillivray does is to create a separate entrance to the basement apartment, which will give the rental unit more privacy and make it more attractive to potential tenants. He also installs new drywall to replace the moldy walls and adds a fresh coat of paint throughout the unit.

To make the apartment more functional, McGillivray installs a brand new kitchen and creates an open-concept living area. He also updates the bathroom with new fixtures and adds a separate laundry area.

Upstairs, McGillivray renovates the main living space to create an open-concept design with a modern feel. He replaces the old carpet with new hardwood floors and installs a new gas fireplace, which adds a cozy and inviting touch to the space.

To create more storage space, McGillivray adds custom built-in cabinetry in the living room and creates a brand new walk-in closet in the primary bedroom. He also updates the bathroom with new fixtures and creates a separate laundry area.

Throughout the renovation process, McGillivray faces several challenges, including unexpected structural issues and delays with the city permits. However, he is able to overcome them all and deliver a stunning renovation that not only eliminates the mold problem but also creates a beautiful, functional living space that can be rented out for extra income.

At the end of the episode, McGillivray unveils the finished property to the couple, who are thrilled with the transformation. With a new, safe, and beautiful living space, they can now enjoy the benefits of owning a rental property and earning extra income.

Overall, "Mold Into Gold" is a testament to McGillivray's skills as a renovation expert and his ability to create income-generating properties out of even the most challenging spaces. By turning a mold-infested property into a beautiful, functional living space, he demonstrates the power of smart design and creative problem-solving in the world of real estate investing.