It serves as a loop route off of PTH 10 (John Bracken Highway), connecting Tremaine with Onanole on the south side of Riding Mountain National Park via Minnedosa, Clanwilliam, Hilltop, and Scandinavia.

Along the way, the road crosses the Trans Canada Trail and meets the eastbound PR 471 just south of Clanwilliam.

Prior to this, PR 262 met PTH 10 approximately 1 kilometre (0.62 mi) south of its current southern terminus.

However, unlike most provincial roads in which the length was shortened or the route decommissioned altogether, PR 262 was slightly lengthened from its original distance.

From Scandinavia, it turned east from a 'T' junction with PR 263, travelling in a northeasterly direction for approximately 11 kilometres (6.8 mi) to its former northbound terminus.