$639,000
179 MAIN STREET
Beds
5
Baths
5 full + 1 half
Sqft
—
Year
—
Type
Multi-family
Suite
Suite potential
Location nearby
Nearby school, halal, mosque, grocery, park, and transit layers are still being built for North Middlesex (Ailsa Craig). The listing facts above are live; the neighborhood-intelligence layer needs POI coverage before it can score this address properly.
About this home
SMALL TOWN DUPLEX WITH DREAM GARAGE - Welcome to 179 Main Street in Ailsa Craig, a rare investment property opportunity featuring a solid yellow brick duplex for sale on a large 120 x 140 ft lot, ideal for investors or multi-generational living. Offering approximately 3,300 sq ft, this income property includes two vacant units with at least 5 bedrooms and 5 bathrooms, (plus an additional bathroom) in the detached shop - perfect for maximizing rental income potential or creating a flexible multi-family home setup. This legal duplex is clean and solid, providing the perfect canvas for renovations and value-add improvements. A standout feature is the 30 x 50 ft detached garage/shop with a 12 ft door, making it a true mechanic's dream garage, ideal for hobbyists, contractors, or small business use. With ample parking, a large lot, and strong upside, this income-generating property is a rare find in today's market. Whether you're searching for a real estate investment, duplex near London Ontario, or a property with commercial-style shop space, this one checks all the boxes. Located in a desirable Ailsa Craig, this property offers walkability to amenities, including the grocery store, LCBO, pharmacy, gym, hardware store, and library, as well as a family-friendly community park with a splash pad, dog park, and walking trails-perfect for tenants or owners seeking convenience and lifestyle. Enjoy the benefits of quiet small-town living with easy commuting access just a short drive to London, Strathroy, and the beaches of Grand Bend. Don't miss your chance to add this high-potential property to your portfolio. (id:65958)
- Subtype
- Multi-family
- Structure
- Duplex
- Community
- Ailsa Craig
- Lot dimensions
- 120 x 140 FT
- Bedrooms
- 5 above grade, 0 below grade
- Parking
- 16 total
- Stories
- 2
- Fireplace
- 2
- On market
- Mar 31, 2026
- Status changed
- Apr 27, 2026
- Annual tax
- $4,285.74 (2025)
- Zoning
- C-2
- Photos
- 35
- MLS#
- X12937958
- Area
- NORTH_MIDDLESEX_(AILSA_CRAIG)
Features and systems
Parking
Basement
Appliances
Heating
Cooling
Exterior
Foundation
Lot
Community
Utilities
Cash on cash
-5.89%
Cap rate
3.69%
GRM
16.1
Break-even rent
$3,960
Financing
Operating expenses (monthly)
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
Listing brokerage
Listing brokerage on file
Listing data via CREA DDF®. Information is deemed reliable but not guaranteed accurate by CREA. Last updated Apr 27, 2026.