4 People in a 2 Bedroom?

My partner and I have been house hunting for a larger home for us and our two children (3 & 4). We found a home we loooove in the perfect neighborhood with a fenced in yard that is in our dream area and a great price. However- it is only 2 bedrooms and 1 bath. Which I hate. We ideally wanted 3 bedroom and 2 bath so we would def be making a sacrifice.😭 it does have a large basement that we could finish and then turn into a room and overall the house is double the size we have now even though it’s the same amount of bedrooms/bathrooms. I was thinking since the house is overall bigger and we would have more space maybe the room situation wouldn’t be as bad. Is it doable? At least for a few years? Our 3 year old is a girl and 4 year old is a boy so I know they can’t be roomies forever. Is anyone in a similar living situation?