HALIFAX -- A 54-year-old man is facing multiple charges after allegedly stabbing another man in Inverness, N.S. on Friday.

Around 7:20 p.m., Inverness District RCMP responded to reports of a serious assault that happened in a parking lot on Central Avenue in Inverness.

Once police arrived, they say they located a 38-year-old man who had been stabbed by a man known to him following an argument.

The victim was taken to hospital with serious but non-life threatening injuries.

The suspect was arrested a short time later when he turned himself in at the Inverness RCMP Detachment.

He is facing multiple charges including aggravated assault, assault with a weapon, and possession of a weapon for dangerous purpose.

The suspect has been remanded into custody and is scheduled to appear in Port Hawkesbury Provincial Court on August 10.

The investigation is ongoing.