ACT Policing seized a firearm in Crace on Friday as part of investigations into recent southside shooting incidents.
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The shortened pump action shotgun was found and seized together with ammunition and a small amount of cannabis as part of a search warrant used at about 3pm, a police statement said.
"The search was a result of investigations by ACT Policing's Criminal Investigations team into two shooting incidents last month in Canberra's south," a spokeswoman said.
"Investigations are ongoing."
ACT Policing has urged anyone with information regarding illegal firearms to contact Crime Stoppers on 1800 333 000, or via the website on act.crimestoppers.com.au. Information can be provided anonymously.
Police reminded the public not to report crime information via police's Facebook and Twitter pages.