Ep 2. Matt & Sarah

Matt and Sarah are a young couple who are looking to upgrade from their current apartment to a home they can call their own. However, as first-time homebuyers, they quickly realize that their limited budget will not stretch far enough to afford the type of property they desire. This is where Scott McGillivray, the real estate and renovation expert, comes in.

In this episode of Income Property, Scott meets with Matt and Sarah to discuss their needs and budget. He establishes that they want a two-bedroom, two-bathroom home with a budget of $450,000 in the city of Toronto. Scott advises them that they will most likely need to focus on properties in need of renovation as these will have the potential to generate extra income through a basement apartment.

After viewing several properties, Matt and Sarah eventually settle on a large three-bedroom, two-bathroom bungalow in a desirable neighborhood called Humber Valley. The property has good bones but is in need of extensive renovations, including a complete gut of the basement to create a fully functional apartment.

Scott has a history of successfully transforming properties through his clever renovation and design skills, and this project is no exception. In this episode, viewers get to see Scott and his team of contractors and designers tackle the various renovation challenges, including creating an open plan living and dining area, changing the location of doors and windows, and creating a functional and stylish basement apartment.

Throughout the renovation process, Scott keeps Matt and Sarah informed of the progress and discusses design ideas with them. The couple is grateful for Scott's guidance as they navigate the sometimes-overwhelming aspects of the renovation process. They are also excited about the potential for rental income that the basement apartment will generate.

Scott's design expertise shines through in this episode as he expertly combines modern design elements with the home's original features, creating a cohesive and stylish living space that meets Matt and Sarah's needs while staying within budget. His top-notch renovation skills result in a beautiful and functional basement apartment that will serve as a source of income for the couple.

The final reveal showcases the incredible transformation of the property, and Matt and Sarah couldn't be happier with the result. Scott has exceeded their expectations, and they are thrilled with their new home and the potential for extra income through the basement apartment.

Overall, this episode of Income Property is a testament to Scott's skills as a renovator and designer. He takes a property that needs substantial work and, through his expert renovation and design skills, creates a beautiful home that meets the needs of his clients while also providing the potential for extra income. Viewers will enjoy watching Scott and his team tackle the renovation challenges and transform this home into a stunning and functional living space.