Investigators had said the occupants were assaulted and money and valuables taken, with the teen told to accompany the men.
Const. David Hopkinson said the boy was found about 7 hours later and was being checked for injuries.
“We were almost at the point of going to an Amber Alert,” Hopkinson said.
“There’s some confusion, and we’re not sure if the boy fled fearing his safety or if he had been abducted by this group of men,” he added, saying it wasn’t clear if the teen was found alone or with others.
Descriptions of the suspects weren’t available but police said more information would be released as the hold-up squad investigates the incident.
Anyone with information is asked to contact police at 416-808-1200, Crime Stoppers anonymously at 416-222-TIPS (8477), online at www.222tips.com, text TOR and your message to CRIMES (274637).