Police were called to a commercial plaza in Scarborough on Saturday evening after receiving reports of gunshots in the area of Victoria Park Avenue and Sheppard Avenue East.
According to authorities, a man in his 40s was located at the scene with a gunshot wound, just before midnight and was pronounced dead.
Officers say the suspect(s) fled the scene and an investigation is ongoing.
Victoria Park Avenue is closed between Farmcrest Drive and Consumers Road. Farmcrest Drive is also closed between Meadowacres Drive and Victoria Park Avenue. Drivers are advised to use alternate routes.
Homicide detectives are expected to provide an update at 10:00 a.m. on Sunday.