A London man is facing several charges after police seized an estimated $136,300 worth of cocaine.

London police and the RCMP searched a High St. home on Thursday, seizing several items and arresting a man without incident.

Among the items picked up by police wre 1,363 grams of cocaine, about $10,000 in Canadian and U.S. currency and a 2008 Chevrolet Cobalt vehicle.

As a result, 28-year-old James Principe of London, has been charged with possession of property obtained by crime and two counts of possession of a Schedule I substance for the purpose of trafficking.