Limitations of achieving highly sensitive and stable surface-enhanced Raman scattering (SERS) substrate greatly concern the suitable method for fabrication of large-area plasmonic nanostructures. Herein we report a simple approach using template-based synthesis to create a highly ordered two-dimensional array of gold-silver alloy nanowires, followed by the controlled dealloying process. This particular step of mild acid etching (15%v/v nitric acid for 5 min) allowed the formation of Raman hot spots on the nanowire tips while maintaining the integrity of highly active alloy composition and rigid nanowire array structure. Full consideration of SERS substrate performance was accomplished using 4-mercaptobenzoic acid (4-MBA) as a probe molecule. Exceedingly higher SERS signal (150-fold) can be achieved with respect to typical gold film substrate. Moreover, an excellent stability of SERS substrate was also determined for over 3 months storage time. In contrast to the previous studies which stability improvement was accomplished at a cost of sensitivity reduction, the simultaneous improvement of sensitivity and stability makes the controlled dealloying process an excellent choice of SERS substrate fabrication. In addition, uniformity and reproducibility studies indicated satisfactory results with the acceptable values of relative standard deviation.