The club was established in Hamilton, Ontario in 1968 under the name Serbia FC and joined the professional ranks by becoming a member in the National Soccer League after relocating to Toronto and becoming the Serbian White Eagles.

The White Eagles had their first taste of success in 1974, and became the first Canadian soccer club to compete in the CONCACAF Champions Cup.

In regards to league attendance they averaged the highest number of spectators, which revived their derby match against their rivals Toronto Croatia.

[5] Tragedy struck the team on June 10, 1973, when 25-year-old forward Alexander Zivaljevic was killed in a car accident on the Queen Elizabeth Way in Toronto.

[8] In the 1976 CONCACAF Champions' Cup, the Serbian White Eagles advanced to the second round of the North American Zone on a bye where they were set to face León but withdrew.

[10] Prior to the start of the 2006 Canadian Soccer League season, it was announced that the legendary Dragoslav Šekularac would become head coach of the expansion side with first assistant being Stevan Mojsilović.

The players brought in were Saša Viciknez, Dušan Belić, Siniša Ninković, Dragan Radović, Niki Budalic, Božo Milić, Uroš Predić, Nenad Stojčić, Mirko Medić, Gabriel Pop, Alex Braletic, and Marc Jankovic.

[23][15][24] Though the White Eagles fell short they were embraced by the Serbian Canadian community and averaged the highest attendance of any team in the CSL.

Belić was replaced in net by CSL veteran Arthur Zaslavski and by former Canadian under-17 international George Radan.

Notable acquisitions were Uroš Stamatović, Osni Neto, Ricardo Munguía Pérez, Zoran Kokot and Milan Kojić which proved to be key additions.

[33] Due to their heated rivalry and without an adequate stadium available in order to separate the fans, the league was forced to change the format to a two-leg game rather than the standard knockout.

[42][43] The Eagles then proceeded to beat the Italia Shooters in the semi-final by a relatively hefty score of 3–0 with goals coming from Budalic, Braletic, and Milos Scepanovic.

[51] His roster was a mixture of seasoned veterans with several young prospects like Evan Milward, Selvin Lammie, and Jonathan Hurtis.

Carbajal added more silverware to Serbia's cabinet as they claimed their third International Division title, while posting the league's best offensive record.

Notable additions were Miloš Kocić, Stefan Vukovic, Daniel Baston, Taylor Lord, and Shawn Brown.

[60] In the first round of the postseason Serbia for the first time since its return to the league failed to reach the championship final after suffering a defeat by the Brantford Galaxy.

[68][69] The following two seasons Serbia struggled to achieve sufficient results as they barely qualified for the postseason, and saw first round defeats in the playoffs.

Their road to the championship was marked with a 1–0 victory over Toronto Atomic FC with Milos Scepanovic recording the lone goal.

[78] From 2006 to 2013, the Serbian White Eagles played their home games at Centennial Park Stadium in Etobicoke, the western portion of the city of Toronto.

Note: Flags indicate national team as defined under FIFA eligibility rules; some limited exceptions apply.