Early this morning, Narcity reported that Toronto firefighters were battling a five-alarm blaze near Bathurst and Richmond Street. The fire erupted around 5:30 AM on Monday morning and has since been put out. Now, locals are banding together to raise money for those who lost their homes in the deadly fire. READ ALSO: One Person Has Died In This Morning's Five-Alarm Fire In Toronto Unfortunately, the massive fire damaged seven homes in a Toronto building and one person has died as a result. A substantial fire department crew gathered near Bathurst and Richmond to put out the flames. The crew arrived with 13 trucks and 50 firefighters were on the scene. Only an hour after Narcity reported on news of the fire, it was confirmed that two people were rescued from the burning building. Of the two people that were rescued, one person has died from their injuries. READ ALSO: Victoria's Secret Closing Down 53 Stores Across North America As Sales Decline @Toronto_Fire crews have located and removed two patients from the building. Now in the care of @TorontoMedics in critical condition. Fire has been upgraded to 4th alarm due to exposure risks. Operations ongoing. Richmond and Bathurst closed to traffic @TPSOperations pic.twitter.com/ZNDfqbA4Ly — Matthew Pegg (@ChiefPeggTFS) March 4, 2019 As a result, locals have created a GoFundMe campaign to help raise money for those Torontonians that were affected by the fire. The campaign description reads, "This morning a huge fire broke out and has displaced a huge part of the community. We are looking to rebuild at least 7 homes and would really appreciate anything you can do to help." The description continues, "This is a very sad and serious moment and we have seen a huge family come together to support these people. Whatever you can do, we would be most grateful." Via Screenshot | GoFundMe.com So far, the GoFundMe campaign has already received $3,900 in donations. Nearly $4,000 was raised in seven hours by only 47 people. The campaign's goal is to raise $50,000 in total. The campaign is already trending on the platform. READ ALSO: Canadians Raise Thousands Of Dollars For Refugee Family Whose Children Were Killed In Halifax House Fire There is very heavy smoke in the area as a result of this fire. Please avoid this area if you can. Keep your windows and doors closed if you live in the area. @Toronto_Fire pic.twitter.com/d1AyE857lM — Matthew Pegg (@ChiefPeggTFS) March 4, 2019 Since it was created, the campaign has received 365 shares on Facebook. It looks like the city is coming together to help the Toronto citizens that were displaced by the unexpected fire. If you'd like to learn more about the campaign or if you'd like to donate, you can visit the official page, here.