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Income Property: Kat & Andrew
Episode Theme: Investing for Baby
Kat and Andrew need a rental suite to fund fertility treatments. They want children as soon as possible so Kat can have preventive surgeries to reduce her risk of hereditary breast and ovarian cancers.
Design Theme: Transitionally Chic
Purchase Price: $835,000
Realtor Appraisal: $1,100,000
Increased Property Value: $265,000
Chosen Renovation Option: $45,000 – Open concept one bedroom apartment with new flooring and brand new shower. Possible rent of $1400 per month.
Alternate Renovation Option: $65,000 – Open concept two bedroom with smaller kitchen and bath than option one. Possible rent of $1800 per month.