Fairhaven first appeared on a 1913 map compiled by City Commissioner Christopher J. Yorath that plotted out a number of proposed communities along the periphery of Saskatoon, many of which were never developed.

The community of Fairhaven first officially appeared on city maps circa 1971, in the same location as on the Yorath map, and the layout of streets in the community underwent several revisions before development began in earnest in the mid-1970s, with most construction in the area complete by 1985, however there remained undeveloped lots on the east side of the community that in the early 2010s were filled with the relocation of six-plex homes from the former McNab Park neighbourhood.

Sarah Shatwell Pendygrasse arrived from England in 1887 and was awarded a dominion land grant patent at SE section 20 township 36 range 5 W of the 3rd meridian, Saskatchewan provisional district, North West Territories on December 12, 1892.

[2] Her son, Harold L. S. Pendygrasse, homesteaded a few miles away at NE Section 20 township 35 Range 3 W of the 3rd meridian.

When Fairhaven first appeared on the maps, the street names all had one thing in common: they all started with the letter F. When the community was re-plotted in the mid-1970s, this was abandoned (except for Fairlight and Fairmont) and most other streets in the area were named for prominent city officials of the past, such as former city councillors S.E.

Lochrie Crescent and Barber Place, Terrace, and Court are connected to Pendygrasse road and are included within the southern perimeter of Fairhaven.