| Number: | 3 |
| Type: | Grey Cup |
| Date: | November 25, 1911 |
| Stadium: | Varsity Stadium |
| City: | Toronto |
| Visitor Name: | Toronto Argonauts |
| Visitor Colour: | Toronto Argonauts |
| Home Name: | Toronto Varsity Blues |
| Home Colour: | Toronto Varsity Blues |
| Visitor Coach: | Billy Foulds |
| Home Coach: | Dr. A.B. Wright |
| Visitor Record: | 5–1 |
| Home Record: | 5–1 |
| Visitor1: | 1 |
| Visitor2: | 0 |
| Visitor3: | 2 |
| Visitor4: | 4 |
| Home1: | 0 |
| Home2: | 6 |
| Home3: | 7 |
| Home4: | 1 |
| Attendance: | 13,687 |
The 3rd Grey Cup (the championship of the Canadian Football League) was played on November 25, 1911, before 13,687 fans at Varsity Stadium at Toronto.
The University of Toronto Varsity Blues defeated the Toronto Argonauts 14–7.
U. of Toronto Varsity Blues (14) – TDs, Allan Ramsey, Frank Knight; cons., Jack Maynard (2); singles, Maynard (2).
Toronto Argonauts (7) – FG, Ross Binkley; singles, Binkley (3), Bill Mallet.
Players * T. Dales * H. Taylor * G. Peter Campbell * Elliot Green * Al Ramsey * Geoffery Taylor * Lloyd Sifton * Frank Hassard * N. Lorimer * B. Frith * Bobby Singclair * Stan Clark * Pete German * J.M. "Duff" Wood * Edward "Ted" Knox * C.E. MacDonald * Frank Knight * Bill Curtis * Bob Thompson * Ralph Bell * Rod Grass * Lew Cory * Bill Cruickshank