Welcome to 48-165 Terraview Crescent in the highly sought-after south end of Guelph-a beautifully updated 2-storey townhouse backing directly onto Preservation Park. Enjoy the rare privacy of no rear neighbours and immediate access to 65 hectares of scenic trails, forests, and meadows right from your backyard. This meticulously maintained home offers 3 bedrooms and 3.5 bathrooms with a bright, open-concept main floor designed for everyday living and entertaining. Stylish LVP flooring adds warmth and durability, while the walkout to the upper deck with desirable east and south exposure creates the perfect setting for morning coffee or relaxing summer evenings. The home has been thoughtfully upgraded for comfort and peace of mind, featuring newer windows, a sliding glass door, roof, central air conditioning, and water softener. An exterior gas line makes the BBQ season effortless. The finished basement with Dricore subflooring provides valuable additional living space-ideal for a rec room, home office, gym, or play area. The garage has been refreshed with epoxy flooring and paint, offering a clean and functional space. Set in a well-managed complex, this home offers the perfect blend of nature, convenience, and turnkey living-an exceptional opportunity in one of Guelph's most desirable communities. Some photos have been virtually staged.