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The stairway is one of the most common places to find dead space—space that is just sitting vacant and unused.
Consider building bookshelves into that area. It would also be a great place to display collectibles. This stairway even has a door leading underneath for even more storage.
Here's another wonderful example of under-stair storage.
Do you have a bay window in your dining room, bedroom or family room? Consider adding a hinged window seat into the bay and have the seat hinged to take advantage of all that space inside. Or add drawers or doors for access to the storage without moving cushions. It's a great place to tuck away extra pillows and blankets.