A 28-year-old man was refused bail in the ACT Magistrates Court on Tuesday after police sniffer dogs found a 1 kilogram brick of cocaine in his Dunlop home.
Police attended the home and executed the search warrant on Monday afternoon acting on information received from the public.
Jake Low, 28, was charged with trafficking in a controlled drug other than cannabis and will face court again on June 2.
ACT police Detective Superintendent Scott Moller said the seized cocaine had an estimated street value of $230,000.
Superintendent Moller said the seizure was a direct result of the Canberra community "working in association with ACT police".
He said he would expect further charges as the investigation into the drug seizure continues.
"This [seizure] was part of an organised crime syndicate and was destined for Canberra [buyers]," he said.
He confirmed there were also criminal links to outlaw motorcycle gangs involved.
While ACT police have not detected an upturn in drug seizures during the COVID-19 pandemic, Superintendent Moller said that "Canberrans have a disposable income and are among the highest users of cocaine nationally so this is a trend we are seeing that has been pretty steady for some time".
It is the largest seizure of cocaine in the Canberra region since a search warrant was executed in July last year on a Bungendore landscaping company and 384kg of cocaine was found concealed within the lifting arm of a second-hand Caterpillar excavator on the premises.
The drug shipment from South Africa had been detected at the Sydney Container Examination Facility in Botany Bay, sparking a joint operation involving NSW, federal and ACT officers and Australian Border Force.
Two Karabar men, Adam Hunter and Timothy Engstrom, were charged in relation to that shipment, valued at $144 million.
