The section of PR 262 between its southern terminus and
PTH 16/
16A was the original route for PTH 10 before its current section was constructed and opened to traffic in 1962. In the early 1990s, the road was widened, smoothed out, and the paved surface was replaced with gravel. As well, the southern terminus was reconfigured to meet PTH 10 and PTH 24 directly using the old PTH 24 extension. Prior to this, PR 262 met PTH 10 approximately south of its current southern terminus. Also in the early 1990s, the Manitoba government decommissioned a number of provincial secondary roads and returned the maintenance of these roads back to the rural municipalities. A small portion of the original PR 262 was included in this decommissioning. 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. Prior to this, PR 262's northern terminus was at the southeastern boundary of
Riding Mountain National Park, where the road continued as Rolling River Road before meeting
PTH 19 within the park limits. From Scandinavia, it turned east from a
'T' junction with
PR 263, travelling in a northeasterly direction for approximately to its former northbound terminus. This section is now a municipal road. After the decommissioning of the original section, PR 262 was rerouted onto the former PR 263, which was decommissioned in its entirety. PR 262 travels to its current northbound terminus on this section. The original length of PR 262 was . ==Major intersections==