Police say they seized suspected fentanyl and methamphetamine as part of an on-going drug trafficking investigation.
The bust was made Wednesday by members of Waterloo Regional Police's Drugs and Firearms Team in the area of King Street North in Waterloo.
A 35-year-old woman and 32-year-old man have been charged with several drug offences.
No names have been released.
Both suspects are due in court on Thursday.