Wire and arc additive manufacturing based on cold metal transfer (WAAM-CMT), as a kind of clean and advanced technology, has been widely researched recently. It was analyzed in detail for the microstructure and mechanical properties of WAAM-CMT printed TiB₂/AlSi7Mg0.6 samples fore-and-aft heat treatment in this study. Compared with the grain size of casted AlSi7Mg0.6 samples (252 μm), the grain size of WAAM-CMT printed AlSi7Mg0.6 samples (53.4 μm) was refined, showing that WAAM-CMT process could result in significant grain refinement. Besides, the grain size of WAAM-CMT printed TiB₂/AlSi7Mg0.6 samples was about 35 μm, revealing that the addition of TiB₂ particles played a role in grain refinement. Nevertheless, the grain size distribution was not uniform, showing a mixture of fine grain and coarse grain, and the mechanical properties were anisotropic of the as-printed samples. This study shows that T6 heat treatment is an efficient way to improve the nonuniform microstructure and eliminate the anisotropy in mechanical properties.