When it comes to taking oddball properties and turning them into profitable investments, Scott McGillivray is a pro. On his latest flip for Buyers Bootcamp, he reworks an awkward layout to bring flow back to the living areas. Read on to discover how he converted the $265K bungalow (located just north of Toronto) into a light-filled space that packs style and function into every square inch.
Paint is Great
New to the house-flipping scene, homeowners Katelyn and Jessica actually got started on the renos without Scott, painting out these original oak cabinets for a sum total of $200. While Scott gave two thumbs up to the paint job, he did switch out the hardware.
Lay Me Down
To update the tired linoleum floor, Scott sourced this cool, laminate cork flooring, which he installed in a sleek grey-on-grey striped pattern. He also got new black countertops to break up the white of the cabinets and appliances.
With a bold piece of artwork and a peel-and-stick wallpaper feature wall, the eat-in dining room at the end of the kitchen gets a modern makeover – it’s now a space where people would actually want to sit down and enjoy a meal.
The once ho-hum master bedroom now presents as a sophisticated retreat, thanks in part to the trendy colour combo of grey and gold, seen in the bed linen, upholstered headboard, textured throw pillows and framed fern prints.
Wanting to give the prospective buyers options, this third main-floor bedroom is set up with a cozy day bed, cream-coloured tufted bench and an adjustable reading lamp – it could work as a guest room, an office or a TV room.
When Scott first saw this property, the basement was entirely unfinished, which to many would have been a deterrent, but to him it meant a clean slate. Here he made his design mark with fun, modern features such as the sit-up butcher block peninsula and mid-century-inspired overhead swing lamp.
Rather than being dismayed by the visible lipped foundation line, Scott turned it into a feature by creating a wide, room-ringing shelf for photos, books, vases and objets d’art.
Adding a full bathroom – with its oversized vanity and sleek metallic lighting – to the basement suite not only increased the value of this home, but it also made it even more desirable to buyers looking for an income property.
The backyard needed a lot of love when Scott did his first walk through – the grass was overgrown, the side entrance to the basement apartment was completely hidden, and the main-floor sliding door went out to nowhere. So he decided to build two separate deck and patio areas (one for the main-floor apartment, and the other for the new basement suite), which helps unify the exterior and adds tons of value to the property.
Sharing the Spoils
After investing $65K into the five-week renovations, Scott listed this property at $390K but actually got $30K over asking, giving this house-flipping team a healthy $90K profit to split.
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