I always find I have to move stuff to see what works because I can never tell for sure from diagrams. So, would it be possible to rotate the sofa to be parallel with the dining table and have a skinny console behind the sofa that could act as a buffet? The sofa wouldn't have to be centered on the room, but the end could be close to the wall with perhaps just a floor lamp between the end and the wall. I think then there would be room for a chair in the corner since your balcony door is not centered. Since you don't seat people at the end of the table, how about some open bookcase type of shelving along that wall? You could store glassware, dishes, etc. And you could leave the table extended all the time and push the end right up to the shelving. This would create a sort of booth type of situation.

Visit any Habitat for Humanity Restore Store and/or any "antique" -- used furniture store -- or charity sponsored thrift store that is large enough to sell donated furniture and you're likely to find one or more of those cabinets (tall and deep) that were used for large analog tvs -- until someone upgraded to the thinner digital tvs. Quality and supply of donated cabinets varies so it could take multiple trips to find a really good one you'd want in your home but do see if you can because, in addition to being easier on the budget than new furniture, you might find it useful for storage even if you don't choose to create a toy kitchen for the little one: https://www.pinterest.com/pin/521925044290872951/ https://www.pinterest.com/pin/AS5jzll5LQUFkFFlZEv9oGvR8UOFnLFzAyBvF5hZreJmcNbFLfcGVMw/ https://www.pinterest.com/pin/240238961342141195/ Some DIY work on used cabinets such as to close any cord holes in the back and/or add shelves or doors, could enable you to repurpose one to become much needed toy storage now and, depending upon what it looked like before and/or what you create, perhaps a linen cabinet later -- and do so on a modest budget. In a small space, "go tall when you can secure cabinets to the wall" (for safety w/toddler in the house) in order to maximize storage with minimum floor space used. If you could create floor to ceiling and nearly wall to wall edge shelves and/or cabinets (or cubes of a suitable size for baskets or creates you choose), the storage space that your daughter could reach could be hers and the storage/display space above that would be yours. It would be a plus if you could set your tv on a center shelf to have it out of reach of a toddler but at a comfortable height for viewing. If you don't limit you shelving to the blue wall but, instead, turn the corner and continue the shelves/cabinets along the side wall (for whatever width you choose for the play space), you could use that shelving/cabinetry on the side wall to hide any wires/cables you might want/need attached to both your computer and your tv. You'd want to leave several feet of play space in between whatever furniture you place next -- which, I suppose, could be your sofa for watching tv. Alternately, you might choose to use a long credenza styled cabinet and/or file cabinet to use as a room divider between the play area and your adjacent home office area. Everything between the home office area and the front wall would be your living/dining area.

Thanks partim! There is totally enough space if I downsize to a love seat (and probably less chunky chairs) and completely do away with any entry prep space. That's similar to how the original owners had it so it might actually be one of the only other ways to go versus what I have now. My main hesitation with that is that it always felt so cramped squishing everything into that box in front of the fireplace, but I might not be imagining it as others would.

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