One person has been rushed to hospital with serious injuries following a downtown stabbing.

Police were called to the area of Yonge and Charles streets at around 3:45 p.m.  for a reported stabbing.

The victim was stabbed at a parking lot on Charles Street and made their way to a nearby pharmacy to find help, police said. He was subsequently rushed to a local trauma centre in serious, but stable condition, Toronto Paramedic Services said.

Yonge Street is closed from Irwin to Bloor streets as police investigate.