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A Toronto police cruiser is seen in this file image.

A man is in potentially life-threatening condition after being stabbed in Parkdale on Saturday night.

Emergency crews were called to the area of King Street West and Wilson Park Road, at around 7:40 p.m. for reports of a stabbing.

Toronto police said the man was stabbed multiple times in a backyard.

He has been transported to a trauma centre with life-threatening injuries.

A female suspect, who is known to police, fled the scene reportedly armed with a butcher knife.

Police said the suspect was later located and has been taken into custody.