The club's fledgling years were spent in the Second Division of the NSL, and ultimately secured promotion in 1977.

Toronto achieved success in the First Division by winning the NSL Cup in 1978, and the regular-season championship in 1980.

The club was created in 1975 under the name Oakville United and relocated to Toronto in 1976 under the name Falcons (Sokoły for the Polish diaspora).

[1] The team operated as a professional club in the National Soccer League and was formed by brothers Jan and Zdzisław Rygiel.

[2] Jan Rygiel previously served as the manager for league rivals Toronto Polonia in the 1974 season.