Income Property Season 9 Episode 2 Cory & Julie

Cory and Julie are a young couple living in Toronto, Canada, and they are ready to take on their first income property project. In Season 9, Episode 2 of "Income Property," titled "Cory & Julie," viewers get a front-row seat to witness their journey as they embark on transforming a basement apartment into a profitable source of income.

The episode begins with host Scott McGillivray meeting Cory and Julie at their home. As they walk him through their basement, it becomes clear that this space has great potential. Cory and Julie are eager to tap into the rental market in their area and believe that converting their basement into an income property is the perfect way to do so.

Scott takes a closer look and assesses the space for its suitability for renovation. He quickly identifies some key challenges that need to be addressed. The basement is currently being used as storage and lacks any proper living amenities, such as a kitchen or bathroom. Additionally, the layout is not conducive to maximizing the rental potential.

With a clear vision in mind, Scott shares his plan with Cory and Julie. He proposes a complete transformation of the basement into a bright and modern one-bedroom apartment. This includes adding a full kitchen, a bathroom, and a spacious living area. Scott also emphasizes the importance of maximizing storage space to make the unit more practical for potential tenants.

Excited to get started, Cory and Julie agree to Scott's plan and give him the green light to begin the renovation. Scott assembles his team of experts, including a contractor, a designer, and a project manager, to ensure the smooth execution of the project.

The renovation process begins, and viewers are taken along for the ride as they witness the incredible transformation taking place. The team tackles challenges such as plumbing and electrical work, as well as the installation of new fixtures and finishes. Throughout the process, Scott provides guidance and advice, sharing his expertise to overcome any obstacles that arise.

As the construction phase nears its end, Scott's designer steps in to add the finishing touches that will make the apartment both functional and stylish. The team works tirelessly to create a space that is sure to attract potential tenants and provide Cory and Julie with a reliable source of income.

Finally, the renovation is complete, and it's time for Cory and Julie to see the finished product. They are blown away by the beautiful and inviting apartment that has emerged from their previously underutilized basement. Scott reveals some smart rental strategies to Cory and Julie, enabling them to price the apartment competitively and find suitable tenants quickly.

In the closing of the episode, Cory and Julie express their gratitude to Scott and his team for their hard work and expertise. They are thrilled to now have an income property that not only enhances the value of their home but also provides them with a steady stream of rental income.

Join Cory and Julie in Season 9, Episode 2 of "Income Property" as they navigate the exciting world of real estate renovation and turn their basement into a profitable income property. Gain valuable insights, tips, and inspiration for your own real estate ventures, and witness the incredible transformation that Scott McGillivray and his team bring to each project.