A man is dead and another is in hospital after a vehicle crashed into Lake Ontario early on Saturday morning.

At around 3:30 a.m., Toronto police said in a news release that a vehicle with two male occupants was driving southbound on Cherry Street at a high rate of speed as it approached a bridge over Lake Ontario that was under construction.

The driver lost control of the vehicle, which then left the roadway and dove into the water.

Toronto fire said two men were allegedly able to get out of the vehicle, but one was then unaccounted for. Fire crews immediately commenced a water search and rescue for the individual, who was found and transferred to EMS, who pronounced him deceased on scene.

The other passenger suffered minor injuries and is in stable condition, per Toronto Paramedics.

The vehicle is still in the lake.

First responders have not yet released identifying details of the man who died.

Police ask anyone with video footage or information about the incident is asked to call police at 416-808-1900 or Crime Stoppers anonymously.