Winners of The Third Division
| Season | Winner | Runner-up |
|---|---|---|
| 1994–95 | Forfar Athletic | Montrose |
| 1995–96 | Livingston | Brechin City |
| 1996–97 | Inverness Caledonian Thistle | Forfar Athletic |
| 1997–98 | Alloa Athletic | Arbroath |
| 1998–99 | Ross County | Stenhousemuir |
| 1999–2000 | Queen's Park | Berwick Rangers |
| 2000–01 | Hamilton Academical | Cowdenbeath |
| 2001–02 | Brechin City | Dumbarton |
| 2002–03 | Greenock Morton | East Fife |
| 2003–04 | Stranraer | Stirling Albion |
| 2004–05 | Gretna | Peterhead |
| 2005–06 | Cowdenbeath | Berwick Rangers |
| 2006–07 | Berwick Rangers | Arbroath |
| 2007–08 | East Fife | Stranraer |
| 2008–09 | Dumbarton | Cowdenbeath |
| 2009–10 | Livingston (2) | Forfar Athletic |
| 2010–11 | Arbroath | Albion Rovers |
| 2011–12 | Alloa Athletic (2) | Queen's Park |
b.^ Team failed to gain promotion via play-offs
Read more about this topic: Scottish Football League Third Division
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“That crazed girl improvising her music,
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Her soul in division from itself
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Her knee-cap broken.”
—William Butler Yeats (1865–1939)
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