stuffed animal
Just how many stuffed toys will you allow your child to keep? It is hard to say because manufacturers are always coming out with new ideas in stuffed toys. Your child simply must have the latest stuffed animal. When my daughters were younger, they had adult size beds and yet it was not big enough for the number of stuffed toys that they wanted beside them when they went to sleep. They ended up with just enough space to stretch out. It must have been uncomfortable but they chose that over deserting their friends.
There are many creative ways of finding storage of stuffed toys. Cubbies will look neat but it could occupy a lot of space. Toy chests are practical, just make sure that the child can open and close it without incident. A hammock running across the room is something different. The toys are in full view and the child has easy access. Another idea is to provide the pole in one corner of the room. It can store a lot of the smaller pieces.