An Oakville man is facing several drug-related charges after drug bust at the University of Guelph.

Police executed a search warrant at a townhouse residence on campus on Friday. Cocaine, MDMA (a psychoactive drug also known as "molly") and marijuana with an estimated street value of $2,000 was seized. As well, police took more than $13,000 in cash and an air pistol BB gun.

A 19-year-old man has been charged with:

Five counts of trafficking a controlled substance.

Three counts of possession of a controlled substance for the purpose of trafficking.

Possession of proceeds of crime.

Brenda Whiteside, the associate vice-president for student affairs at the university, said they will work with police as the investigation continues.

"We take this allegation seriously and will support Guelph police with its investigation," Whiteside said in a statement emailed to CBC News.

"Our residences are safe and supportive living and learning environments. Once we have further information we will proceed to take action through our own internal procedures."