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Investment signal

$440,000

159 MAIN Street

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Beds

—

Baths

—

Sqft

1,920

Year

—

Type

Other

Suite

Suite potential

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Location nearby

Nearby school, halal, mosque, grocery, park, and transit layers are still being built for Delhi. The listing facts above are live; the neighborhood-intelligence layer needs POI coverage before it can score this address properly.

About this home

Fantastic investment and ownership opportunity in the heart of Delhi! This multipurpose property offers both commercial and residential space, making it ideal for business owners, investors, or those seeking a live/work lifestyle. The main floor is currently set up as a popular sandwich shop, providing excellent street visibility and steady foot traffic. Upstairs, you’ll find a spacious residential unit that can serve as owner-occupied living space or generate rental income. Conveniently located near downtown amenities, schools, and shopping, this building combines functionality with potential. Whether you’re looking to expand your business portfolio, start your own venture, or enjoy the benefit of rental income, this property is ready to deliver. (id:65958)

Subtype: Other
Community: Delhi
Common interest: Freehold
Living area: 1,920 square feet
Stories: 2
On market: Sep 8, 2025
Status changed: Apr 13, 2026
Annual tax: $3,200
Zoning: CBD
Photos: 8
MLS#: 40766362
Area: DELHI

Features and systems

Basement

None

Exterior

Brick Veneer

Foundation

Poured Concrete

Community

High Traffic Area

Utilities

Natural GasElectricity

Negative cash flow ~$335/mo at these assumptions

Monthly rent (CAD)Adjust to your local market estimateDown payment (%)Investment props typically 20-25%Mortgage rate (% annual)Default 4.5% — adjust to your rate holdAmortization (years)

Cash on cash

-4.57%

Cap rate

3.95%

GRM

15.3

Break-even rent

$2,753

Financing

Down payment$88,000

Loan amount$352,000

Mortgage$1,784/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$202

Insurance$80

Maintenance$367

CapEx reserve$183

Vacancy loss$120

Estimates only. Actual cash flow depends on financing terms, condition reports, current market rents, property tax assessment, condo fees, and tenant quality. Defaults: 4.5% rate, 30-year amortization, 5% vacancy, 1%/yr maintenance, 0.5%/yr CapEx reserve, $80/mo insurance. Property tax estimated at 0.55%/yr where not provided. Talk to a mortgage broker before relying on these numbers.

Mortgage estimate

Estimated $1,784/mo at 4.5% with 20% down, 30-yr amortization.Estimate only — actual payment varies by qualification + insurance.

Listing brokerage

Listing brokerage on file

Listing data via CREA DDF®. Information is deemed reliable but not guaranteed accurate by CREA. Last updated Apr 13, 2026.