Ep 1. Marli & Toby

Marli and Toby are a young couple from Vancouver who have big dreams of getting into the real estate investment game. However, as first-time investors, they quickly realize that it's not as easy as it seems. In Season 7, Episode 1 of Income Property, titled "Marli & Toby," homeowners will join forces with expert property investor and host, Scott McGillivray, to tackle the challenges of turning their basement into a profitable income suite.

Marli and Toby have a beautiful home in a desirable neighborhood, but they face a common dilemma that many homeowners encounter – a lack of space. With a growing family, they need more room, and they've come to realize that their unfinished basement is the perfect opportunity to expand their living space and generate extra income. However, they need guidance on how to transform their unfinished space into an appealing and livable rental unit that will attract quality tenants.

As the episode begins, Scott visits Marli and Toby to get a firsthand look at their basement and understand their goals for this project. He puts his real estate expertise to work and evaluates their property's potential. Scott quickly identifies the opportunities and challenges that lie ahead, strategizing the best way to maximize the space while staying within the homeowners' budget. With Marli and Toby's financial plan to execute, he sets the stage for an exciting and transformative renovation.

With careful planning and collaboration with Marli and Toby, Scott envisions a basement suite that is not only functional but also visually appealing. He seeks to create a space that will not only provide additional living space for the couple but also offer a comfortable, modern, and self-contained unit that will attract potential tenants in the competitive rental market.

Throughout the episode, viewers will witness the step-by-step transformation of the basement. From design conceptualization to demolition, construction, and final touches, Scott will guide Marli and Toby through each stage, explaining the process and sharing helpful tips and tricks of the trade.

Marli and Toby face various challenges during the renovation process, such as unexpected construction setbacks, budget constraints, and the occasional difference in design preferences. However, Scott's expertise and guidance keep them on track, helping them overcome obstacles and find solutions that work both practically and aesthetically. With his assistance, the couple gains a deeper understanding of the real estate investment world and the critical factors that contribute to a successful income property.

As the renovation progresses, Marli and Toby witness their basement truly come to life. From a dark, cluttered space, it is beautifully transformed into a well-lit, open-concept unit complete with a spacious bedroom, kitchenette, and a stylish bathroom. Scott's attention to detail and commitment to quality shine through in every aspect of the renovation, leaving the homeowners in awe of their new income property.

In the concluding scenes of the episode, viewers will witness Marli and Toby's excitement and satisfaction as their dreams of creating an income property become a reality. With their newly renovated basement suite, they have not only added value to their home but also opened up endless opportunities for generating rental income. Marli and Toby's journey showcases the transformative power of investing in real estate, even for first-time investors.

"Marli & Toby," Episode 1 of Income Property Season 7, takes viewers on an inspiring journey of turning a simple basement into a sought-after income suite. With Scott McGillivray's expertise, Marli and Toby overcome challenges, learn invaluable lessons in real estate investment, and ultimately experience the gratification of creating a successful income property.