The 30-year-old man was arrested this morning after police searched his flat on Owen Street in the City Centre.
A large amount of money was seized in mobile safe boxes and in a cupboard. A further address was identified at an apartment on Albion Street where large amounts of cannabis was discovered.
The activity from officers in the City of Manchester Central Challenger supported by XCalibre also recovered a Range Rover sport and an Audi RS4.
The man was arrested on suspicion of possession with intent to supply cannabis and money laundering and is currently in police custody for questioning.