I have a bucket cemented into my basement
house built in early 1900's
Its a sump pit. Either for a sewage ejector (future bathroom) or a perimeter drain sump to discharge water. To utilize you need to install a sump pump and discharge the water to the sewer or outside.
So what's the question?
No way! That is SO cool... Not nearly as cool as a question though
i would have to say..... im pretty sure yes