The death of a young man found in Lake Ontario at the foot of Bay Street is no longer being treated as suspicious, Toronto police said Saturday.

The 21-year-old man had been riding a rented bike along the boardwalk near the downtown ferry terminal when he somehow ended up in the water around 3:45 a.m. Friday.

He was pulled from the lake unconscious and rushed to hospital, where he was pronounced dead.

The victim's friend had told police the man fell over the edge of the boardwalk.

Police initially said the death was suspicious, but they now believe it may have been an accident.

The investigation continues and police are asking anyone with information about the incident to come forward.