The reliable generation of true single-photon wavepackets with well-defined modal structure is a crucial ingredient for the realization of linear optical quantum computing. We have implemented a highly efficient waveguided parametric downconversion source pumped by ultrashort pulses, which is characterized by the spatial decoupling of the signal and idler photon while exhibiting a conditional detection efficiency of 51%, corresponding to a preparation efficiency of 85%. We have performed various tests to confirm the single-photon character of the conditionally prepared state.