Police say the seizure happened Friday afternoon at an apartment not far from the Main Street SkyTrain station.
The apartment was linked to a 40-year-old man who police say was arrested a half-hour earlier in downtown Vancouver.
A news release says officers found several safes, which contained the money and drugs.
There was no one inside the apartment.
Police have yet to recommend charges, as they work to determine the occupant of the apartment.
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