It heads northeast as a 4-lane divided highway for 1 kilometre (0.62 mi) to have a cloverleaf interchange with PTH 101 (North Perimeter Highway) before becoming undivided (still a 4-lane) and winding its way along the banks of the Red River, passing by several subdivisions before crossing into the Rural Municipality of St. Andrews.

The highway enters the New Iceland region as it crosses into the Rural Municipality of Gimli, winding its way up the lake's shoreline as it travels through Sandy Hook, where it has an intersection with PR 519, and Husavik before entering the town of Gimli.

Outside the Perimeter, the route followed Provincial Road 204 to Lockport, where it joined its present alignment.

PR 232 begins in the Rural Municipality of St. Andrews at a junction with PTH 9 several kilometres north of Petersfield, heading east for a couple of kilometres as Matlock Road to enter the Matlock neighbourhood of the village of Dunnottar.

Almost immediately, PR 232 makes a sharp turn to the north along Gimli Road and begins paralleling a railroad and the Lake Winnipeg coastline as it travels into the Whytewold neighbourhood, making a sharp right at an intersection with PR 225 (Whytewold Road).

It now leaves Dunnottar and travels through a rural section of the Rural Municipality of St. Andrews for a couple of kilometres before entering the town of Winnipeg Beach as Churchill Road and having an intersection with Robinson Avenue, which provides access to downtown, the boardwalk, and Winnipeg Beach Provincial Park.