Basement Waste Stack
Yes, that's a cleanout. It's the top side of a "WYE" fitting under the floor. Can you take another picture close up of the rusty looking pipe directly below the PVC and no-hub band. Hard to tell from your picture, but almost looks like clay. Probably not, most likely cast iron.
Also, what is beyond that piece of wood 2x6 or whatever it is (top right side of photo)? Beyond that is where you would WYE in a new line for your bathroom. Lots to consider however besides drains like water, power, ventilation.
As far as cost of roughing in a new bathroom, pricing can vary a lot depending on who you hire. In this economy there are lots of starving plumbers and handymen. Remember the old saying though; you get what you pay for. It's best to get local recommendations from friends, neighbors, chamber, bbb, etc. Get a few bids and go from there. Cheapest isn't always best. You can also save by doing some of the work yourself. i.e. breaking up concrete, excavating, hauling, repairing concrete.
Considering the age of the house, it would be wise to have a video inspection of the sewer line also. I've seen people pour money into finishing a basement only to have it flood with sewage. The cap on your cleanout doesn't look likes it's been off in quite some time. That could be good... could be bad.
Brad Penske, Operations Manager - Coeur d'Alene, ID
LateralCONCEPTS,LLC - Sewer & Septic Line - Video Inspection, Locating, Consulting
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Last edited by LateralConcepts; 08-17-2010 at 02:51 PM.