My favorite way to corral toys in the playroom - IKEA's expedit bookcases. I prefer these half versions for all the storage underneath, but also room to store larger toys on top and hang family photos and display children's artwork above Great idea
Bed couch with draws, shared room, space saver. this could go in bedroom area. like the shelves idea, too. can add a light wooden dining table and a few comfy folding chairs to make cool dining area in bedrm space, if bed moves to living room area.