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A man is rushed to hospital after a shooting in the Gerrard Street East and River Street area of Toronto. (Tony Smyth/CBC)

Toronto Police say a 42-year-old man has been rushed to hospital after being shot in the Regent Park area on Wednesday.

He suffered multiple gunshot wounds and is in serious condition.

Gunfire broke out inside a second floor apartment of a Toronto Community Housing high rise at 220 Oak St. sometime around 7 a.m.

Emergency crews converged on the area at Gerrard and River streets.

Police say they are looking for a suspect, but so far no arrests have been made. Officers could be seen Wednesday on a second floor balcony, and dogs were used to check the area.

With files from the CBC's Colin Butler