A man and a woman in their mid-20s have been charged with first-degree murder in connection with the stabbing death of a Toronto woman in an Annex apartment building.

Abbegail Eliott, 21, was found suffering from many stab wounds in a highrise apartment building on Spadina Road on Wednesday at about 4:30 p.m.

Paramedics transported her in critical condition to hospital, where she was later pronounced dead.

Police have described the killing as a targeted attack. In an earlier news release on Saturday, police said they had charged two men with murder. That was later corrected, according to Const. Allyson Douglas-Cook.

Police cars gather outside of the highrise apartment building where Elliott was found suffering from stab wounds. (Turgut Yeter/CBC)

During the investigation last week, officers said they believed Elliott's death was connected to a call that police received on Monday in which the sound of gunshots was reported at the same highrise apartment building.

Police are asking anyone who may have witnessed a fight involving Elliott at the building that day to get in touch with them.

In addition to the murder charge, the man has been charged with offences in connection to a May 11 incident, including attempted murder and possession of a prohibited or restricted firearm.

The accused are a woman aged 26 and a man aged 25. They were scheduled to appear in court on Saturday.